The CBOT and CME markets were mostly higher on Wednesday with soybeans and soymeal seeing a surprise turnaround in the afternoon after scoring new contract lows overnight. There was little fundamental news to drive the reversal in soybeans’ fortunes and WPI attributes most of the day’s gains to oversold technical conditions and short profit taking. Corn and CBOT wheat turned higher as well, though again fundamental reasoning was lacking, and the day’s trade seemed an extension of the ongoing back-and-forth trade. More interesting was the €3 decline in Paris milling wheat futures as Egypt looks to book wheat imports directly from Russia via private deals as well as the rallies in all three livestock contracts as meat d...
The USDA’s Foreign Agricultural Service (FAS) projects China’s chicken imports to drop by 33 percent this year and another 15 percent next year, as domestic production outpaces growing consumption and the country’s own exports surge. In its annual report on the Chinese poultry...
Key Takeaways: $13 billion in new U.S. dairy processing investment is moving across the sector, led by cheese ($3.2 billion), milk and cream ($2.9 billion), and yogurt and cultured dairy ($2.8 billion), with butter-powder capacity ($1.6 billion) and ice cream ($530 million) rounding out the bu...
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.