The CBOT was mostly in the red to start the week with the bullishness from Friday’s WASDE report failing to trigger enthusiasm from bulls this week. Corn and soybeans both tried to rally and follow Friday’s bullish action, but quickly triggered farmer/hedge selling and profit taking that pushed the markets into the red. CBOT wheat futures managed to post a few cents’ gain for the day with support from Friday’s corn rally, but the KCBT market remained under pressure from cheap and abundant Russian supplies. Overall, the day’s trade had the feeling that traders are waiting for harvest to confirm or contradict USDA’s supply expectations and make sure demand and physical pricing can withstand the massive corn...
Key Takeaways: The U.S. sheep industry is contracting. Lamb output and producer participation have declined sharply. Imports now account for most U.S. lamb consumption. Their roughly 70 percent share raises concerns about domestic capacity and resilience. USTR’s referral carries substant...
Yesterday, the USDA released its monthly World Supply and Demand Estimates (WASDE), forecasting tighter beef and pork supplies and growing broiler supplies, resulting in a tighter red meat supply. Broiler production, however, continues to grow and is forecast to be up more than 3 percent. Beef...
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.