Ag futures saw another day of mixed trade with CBOT wheat taking a surprising lead and posting a technically bullish day while corn futures sank lower after hitting technical resistance. Soybeans saw strong bull spreading that led to rumors of possible export sales activity while soymeal drifted lower following Monday’s rally to new contract highs. Fundamental news was light and exports and the South American weather forecasts continue to exert the most influence on the CBOT. The January Cattle Inventory report – USDA’s semi-annual look at how many cows are running around America – was just as bullish as pre-report guesses predicted. The headline number was the all cattle and calves inventory, which was down 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.