Soybeans would seem poised for an imminent selloff, but Argentina's farmers are being motivated to retain their large harvest by the futures market there that is showing a sizable carry from May through November. Soybeans The basis for South American soybeans was reluctant to follow the Chicago futures lower after this week's WASDE report was published. Good demand for soyoil is enabling Chinese crushers to maintain positive margins and could be contributing to this strength. However, the present limited export pace could be a sign that the durability of this condition is limited.There is still loading capacity at Brazilian ports for the month of May, which is not a normal development. There are usually huge lineups for both April and May...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.