Weather remains the primary driver of the major CBOT markets and Friday’s shift in the forecasts to feature more Corn Belt rains in the next two weeks sent futures lower. Corn and soybeans were the downside leaders as a combination of improved weather forecasts, profit taking, and hedge selling pressured values. Funds led the charge lower, but WPI sources note that farmer selling has picked up substantially in the last few days as values have rallied. WPI hears that many producers didn’t have any grain sold earlier this month and were wondering how to make money amid forecasts of sub-$5 corn and sub-$11 soybeans. Now, producers are taking advantage of the rallies to market at least some of the crop that will be produced, leading...
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...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.