The CBOT was called to open higher heading into the July WASDE and markets did just that. Canola offered initial support, gapping higher and trading to limit gains. The July report was neutral U.S. corn and soybeans, which prompted some post-report short covering and speculative buying. Traders were bracing for bearish figures and the lack thereof proved bullish, at least for today. The surprise of the day was wheat, with USDA cutting production more than expected due to drought impacting the spring and durum wheat crops. Funds were net buyers for the day, but one did not get the sense funds were rushing to the long side of the market. Rumors of Chinese interest in U.S. and Brazilian soybeans also helped the market trade higher, despite the...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.