Trading during the overnight session was quiet with moderate volume ahead of this morning’s WASDE with its projections for 2018/19. Prices were generally firmer with soybeans up 4-5 cents while corn and wheat futures posted smaller gains. During the day session, the market did very little ahead of the report. Following its release at noon (EDT), soybean futures prices quickly jumped 12-15 cents higher as traders and, we assume, computers were impressed by the 20 million bushel cut in estimated U.S. old crop soybean stocks and projected 2018/19 ending soybean stocks of only 415 million bushels. The latter were over 100 million bushels below where many in the trade thought that number would be. Trade analysts were thinking in ter...
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.