The CBOT was mostly lower in low volume trade at mid-week with futures largely consolidating within their recent ranges. The exceptions were soyoil and the livestock contracts, both of which rallied sharply for another day. Soyoil found its support from a rally in crude oil while persistent strength in cash hog and cattle values lifted the livestock markets. Funds were net sellers in corn, wheat, and soybeans but added length in soyoil and the livestock markets. Grain futures remain focused on the advancing U.S. harvest and export trends, both of which are currently offering pressure. Unionized grain inspectors in Argentina are threatening to walk out on strike over a disagreement with the agribusiness/export company Desdelsur SA. Th...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.