The CBOT continued its bullish panic buying overnight and wheat futures hit their expanded 75-cent daily price limit amid aggressive short covering. The move occurred before the Paris milling wheat market opened, and Paris futures gapped sharply higher but eventually settled with €0.50/MT gains as profit taking took hold of that market. During the day session, however, profit taking became the theme of corn and soybeans, while funds still appear to be chasing old crop wheat. Notably, old crop/new crop bull spreading was aggressive in corn, soybeans, and wheat today with December CBOT wheat hitting limit-down offers at the same time May CBOT wheat was bid limit-up. Funds are thought to have bought 25,000 contracts of wheat along...
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.