The CBOT started Tuesday on a firmer note but, except for soymeal, gave up ideas of higher trade as technical resistance and fund selling dominated the day. Wheat futures were the downside leader due to slow export demand and funds’ bearish positioning and corn followed with selling pressure intensifying at midday. Soymeal futures scored new contract highs and initially pulled soybeans higher too, but the bean market hit major technical resistance that thwarted the day’s rally. Traders continue to position for the coming WASDE report in expectation of bullish soybean numbers and neutral/bearish corn and wheat adjustments. Typically, the November WASDE isn’t a major market mover, but there is more hype built into this year&...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.