General Comments The CME Group announced that its average daily volume of all types of futures contracts reached 14.9 million contracts in October 2017, up 14 percent over the same month last year. Agricultural contracts did not contribute to the increase. The average daily agricultural futures volume was 1.2 million contracts (8 percent of the total), down 1 percent from October 2016. Grain and soy futures traded higher amid fairly good volume during overnight trade. Prices stayed firm as day trading resumed and, in fact, grew firmer as the session progressed with Chicago wheat, KC wheat and soybean futures all closing with good gains and near session highs. The corn market was less enthusiastic, but it did manage to widen its daily trad...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.