Ags were mostly bearish on weather and an expected improving Crop Progress report, though the latter did not turn out that way. Equities opened partly in the red but quickly shifted green and stayed that way even after Iran launched missiles at U.S. bases in Qatar and Iraq. Save for hogs and Feeders, ags remained often double digits lower for most of the day. Even the oil market was unperturbed, and the dollar reversed from safety to a small decline. The over-supply situation pushed corn and soymeal to new contract lows, even as volume was relatively light. Export Inspections Besides troubles with Iran, the day opened with USDA’s weekly export inspections report, which was bullish for corn at 1.477 MMT, still up 29 percent...
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.