Russia’s announcement that it will move 10,000 troops from Belarus back to Russia was viewed as a positive development in the Black Sea standoff. Markets, including the CBOT, reacted swiftly to the news, which in the case of ag commodities, meant a move lower to eliminate some of the “war risk” that was bid into prices. The announcement does not assure that Russia will not invade Ukraine eventually and it could even be an intentional move to create a false sense of security. Regardless, the news was positive for now and that mentality drove CBOT price action on Tuesday. The state government of Rio Grande do Sul in Brazil pegged the soybean crop there at just 11 MMT, which is 2.8 MMT below CONAB’s most recent e...
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.