Markets opened steady to higher Thursday evening and then strengthened at today’s opening. They found some short covering to end the week, but there was little fresh news. What news there was seemed to center on the growing size of the fund short in corn futures as well as wheat futures. The problem of course is that there still isn’t a trigger to cause any significant short covering by these funds. They are now estimated to be short 250,000 contracts of corn and 125,000 contracts of wheat while still holding a small net long of about 30,000 contracts of soybeans. There is some concern about extended forecasts showing weather turning drier in Argentina, but Brazil’s outlook looks good. A siege of very wet weather across e...
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.