Markets opened big like the overnight but then, outside of wheat, it somewhat corrected itself, in part due to profit-taking. It was a volatile day with new contract highs across several contracts, but then some settlements at some to much lower levels. There will be new daily limits for those contracts that touched their tops in today’s action. While Russia’s attack on Ukraine pushed commodity markets higher, some historical background about geopolitical crises may also be at play. To quote Mark Twain, history does not repeat itself, but it often rhymes. Crises like this always cause an initial shock, and then there is a recovery. For those that think current market levels are sustainable, there are bears to ensur...
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.