Most of the board traded in the red to start today’s trading session. There is too much corn and soybeans and not enough prospective buyers. All three major wheat contracts hit new lows today. Except for corn, major contracts are bearishly trading below major moving averages. Grower groups have begun warning about severe financial stress because of low prices. However, late in the session some saw buying opportunities and turned corn and the soybean complex higher by the close. There was no such mercy for wheat. Reports EIA Ethanol Output: The Energy Information Agency reported that ethanol production last week at 1.075 million barrels per day was up 5,000 barrels per day week-on-week, and up 14,000 barrels per day or 1.3...
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.