Wheat, corn and soybean markets are behaving like the corn and soybean harvests, continuing to slog along as if stuck in the mud. Perhaps that is the way it should be at this point in the marketing year. The U.S. still has 70 percent or so of what appears to be record corn and soybean crops still to be harvested. It’s raining across much of the southern Plains as the 2019 hard red winter wheat crop is being planted, and current estimates suggest those plantings could be 5-10 percent above last year. Meanwhile, the trade war with China shows no sign of being resolved. Coupled with record world soybean supplies, that will make it very tough to find a soybean rally in the near or even distant future. Russia continues to hit almost every...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
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.