Risk-off ahead of the Grain Stocks and Prospective Plantings reports was the theme du jour. The soy complex and wheat futures led the CBOT lower with corn following on disappointing export inspections data. News that Russian and Ukrainian negotiators are meeting in Turkey to discuss a cease fire or peace accord pressured futures as such a move would reestablish Ukrainian planting and winter wheat harvest abilities, as well as their export program. With peace talks and fundamental reports on the docket for this week, few wanted to add length to positions Monday. China’s zero-tolerance policy on COVID-19 is causing the start of a nine-day lockdown of its largest city, Shanghai. The city boasts 26 million people, and its lockdown...
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.