The CBOT was sharply higher with continued dry weather in the southern Plains pushing wheat higher while corn scored new contract highs on fund buying and strong technical trends. World vegoil markets rallied as well with palm oil pushing to fresh rally highs and CBOT soyoil notching new contract highs. The mood at the CBOT was decidedly bullish and sellers were few, resulting in choppy trade at times. For the day, funds are thought to have bought 16,000 contracts of corn, 12,000 contracts of soybeans, and 6,000 contracts of wheat. Funds were also net buyers of 5,000 contracts of soyoil and 3,500 contracts of soymeal. The weekly Export Inspections report was bearish corn, neutral wheat, and neutral/bullish soybeans. Corn inspections...
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.