Bears were solidly in control of trade at the CBOT on Monday with mostly favorable U.S. weather forecasts and expectations of a bearish July WASDE report driving price action. Grain and oilseed markets were lower overnight with Matif wheat futures leading the CBOT and KCBT into the red in early trade, and it was a one-way trip to Bearstown after the markets opened for the morning. Corn and wheat scored a 3+ percent decline while a pullback in soyoil sent new crop soybeans to a 2.7 percent drop. The day’s trade likely set the tone for the week, though further losses may be mitigated by pre-WASDE positioning and spread trade. Markets are starting to prepare for the USDA’s July WASDE that will come out on Friday, 11 July and is ex...
Dry bulk markets are steady/firmer this week with Capes leading the rally and, on the other end of the vessel size spectrum, strong grain demand supporting Handysize vessels too. Capesize rates soared again this week on strong Australian miner buying that stemmed from accelerated Chinese...
Key Market Insights Today was another reminder that this market is trading headlines first, facts second. Early optimism surrounding reports of a possible U.S.-Iran memorandum of understanding helped pressure energy risk premium and kept the broader commodity space defensive. An hour later, how...
Key Takeaways: Cattle producers are currently capturing a greater proportion of total retail beef values amid tight cattle supplies. Packers are forced to make higher bids on cattle to keep operations running when supplies are tight, hurting packer margins. Sustained poor packer margins...
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.