The CBOT was mostly higher heading into the WASDE as funds were cautiously covering shorts and paring back risk before the holidays. The WASDE proved to be slightly bullish corn and mostly neutral soybeans and wheat, proving the short-covering trend to have been a good idea. Aside from the WASDE, there was little fresh news for the commodity markets and with the report now past, commodity markets are likely to enter their seasonal holiday lull while keeping a close eye on export demand, which is the major factor driving price action right now. The major theme from the WASDE was for tighter U.S. and global corn stocks on rising demand, and a mostly steady scenario for the wheat market. USDA raised the demand outlook for U.S. wheat exports an...
Key Market Insights Macro Markets: Inflation and Iran Reenter the Conversation Just when the grain trade had become comfortable focusing almost exclusively on weather, two major macro stories returned to the spotlight this morning: inflation and Iran. May CPI came in hotter than expected, with...
Why read this? Because Mark Twain correctly noted that “History doesn’t repeat itself, but it often rhymes.” One of the most successful commodity traders and an eventual analyst at WPI was Bob Kohlmeyer. He was a history major from Princeton. After 47 years of profession...
After more than 40 years serving the agricultural industry and leading World Perspectives, Inc., Gary Blumenthal is retiring. His career—which included time on Capitol Hill, at USDA and the White House—helped shape U.S. and international agricultural policy and guided strategic disc...
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.