Soybeans Brazil Soybean prices here continue to fall, especially for nearby positions, as the Chinese are well covered for May/June/July shipments. The lack of spot demand pushed basis down 15 cents and boosted the carry to $0.15-0.20/month. FOB and CNF levels keep dropping and are now competitive against U.S. origin. June CNF China traded at 170N last week and is offered at 163-165N this week. July traded at 177N and now has more offers at this price. August shipments are offered at 205N. The Chinese are becoming nervous as they see basis declining every time they buy. Supposedly, the Chinese are already covered for June and will only buy a few more of the very cheap offers. On the other hand, Brazilian farmer selling is active with go...
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.