The CBOT was almost entirely lower across the major ag markets on Wednesday with large supply expectations for the 2025 Northern Hemisphere grain and oilseed crops driving the weakness. More crop tours in the U.S. confirm large corn yields and high soybean pod counts/yield potential, while the race to export wheat from the U.S., Europe, and the Black Sea intensifies. In the background, macroeconomic uncertainty – particularly the outcome of President Trumps tariffs – and weaker oil values helped create a broader risk-off sentiment across market sectors. Outside Markets U.S. equities were mixed on Wednesday with the S&P 500 and NASDAQ turning higher after initially weaker trade while the Dow Jones index finished s...
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.