The CBOT was mixed heading into the WASDE report with soybeans showing surprising strength and corn paring back some of Monday’s short-covering gains while wheat was flat/slightly lower. The WASDE produced the typical volatile reaction immediately after its release, but markets soon steadied and continued their prior trends. Funds were net buyers in the soy complex for the day, sellers in corn, and heavy sellers in wheat. The WASDE offered little to change the existing long-term trends for the major ag markets but did provide several important fundamental updates. The April WASDE is seldom a major market mover and that was largely true today as well. The major theme of the WASDE was smaller world carry-out for corn and wheat an...
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.