The markets are relatively stable, but the trade is sputtering as they assess current valuations amidst such uncertainty. The stability and uncertainty results in days like today where volumes were down, and large swings get punished. The open mimicked the overnight higher close but then it backed off on caution and was turning negative by late morning. For example, soyoil set a record high but then closed negative. There are conflicting currents as outside money still wants in on an inflation hedge, but longs are going to want to get out ahead of a three-day weekend. Wheat remains undergirded by the Russian-Ukraine situation while corn and soybeans are supported by South American weather. Over the past five days of trading, March SR...
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.