Tuesday’s CBOT trade was largely devoted to pre-WASDE report positioning and position evening. Wheat futures staged a mild turn-around and settled a few cents higher amid deeply oversold technical conditions. Soybean futures turned lower as a pronounced selloff in crude oil and soyoil pulled the oilseed lower. Corn was caught in the middle in quiet trade and settled slightly lower with May futures hovering near $6.35. Funds were net sellers in corn and the soy complex for the day but are thought to have been slight net buyers in wheat. One factor starting to heavily influence global soybean markets is the fact that Brazil is running out of storage for its current soybean crop. Brazil’s 153-155-MMT soybean crop that...
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.