Corn It’s been an interesting week for the corn market with significant volumes traded. Almost every exporter has been pushing for grain, paying up following the CBOT’s rally, and prices have increased $6-7/MT this week. Exporters have already purchased about 37.5 MMT in the local market and are getting close to the government’s estimate of a 38.5-MMT export surplus. With the actual purchase pace, exporters will cover the quota in just a few weeks. WPI estimates the purchases will continue for a month, considering exporters generally buy more volume than the estimated export surplus. Local consumers are not making any noise, so if the supply and demand remains healthy, the government, in need of fresh dollars...
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.