The overnight trade featured largely steady pricing activity with January soybeans, March corn and March wheat posting slight gains. The upward momentum did not carry over into the day session, however, and all three commodities came under pressure with wheat forging a new contract low. The weather in Argentina, the darling of the grains/oilseeds markets for weeks now, is finally expected to turn wetter past 17 December. While the forecast is dry between now and then, the return of a more normal moisture flow alleviated many traders’ concerns today. The markets, especially soybeans, were already heading lower on thoughts that the weather issue was overdone, and today’s latest outlook confirmed this. Unless the forecasts return...
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.