The larger than usual volume across many contracts puts the exclamation point on today’s market action. USDA’s Prospective Plantings and Quarterly Stocks reports provided a lot of the impetus for a raucous day on everyone’s computer screens. Corn was bullish, soybeans were bearish, and wheat was confused as it looked for psychoanalysis. As noted yesterday, the 31 March Prospective Plantings report is not the bible. Last year corn planted acres increased by 2.3 million (2.5 percent) above Planting Intentions, and corn is one of the more reliable outputs of the USDA survey. The cost of fertilizer (+130 percent) was the number one cited reason for why corn acres will be less than soybean acres for only the third...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.