The CBOT was sharply higher for the day with wheat leading the day’s rallies. Wheat futures jumped higher on news that Russia might ban wheat and sunflower oil exports to support local prices. In addition to possibly banning wheat and sunflower oil exports, Russian officials indicated the country would “consider” increased purchases into its state reserves programs by up to 10 MMT. That would be more than triple the 2022 reserve buying program of 3 MMT. After that news broke, wheat futures surged as much as 40 cents on active short covering and commercial buying. Corn futures followed wheat higher but had their own support from another 200+ KMT corn sale to China and threatening weather in Brazil. Amid that backdrop...
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.