The Market The trading week got started with the weather premium getting chopped down due to rains in Argentina. Those rains turned out to be good but not perfect. Then a robust export sales report on Thursday shot more adrenalin into the complex. However, by week’s end more rain is seen coming to South America at the same time supplies from Brazil are getting closer to launch. So, after a few hundred thousand trades going up and down and back and forth, the March soybean contract added 0.199 percent for a value of 1509.5 cents per bushel. Both March soymeal and March soyoil moved 2.1 percent, with meal moving higher to $473.5/ST, and oil dropping down to 60.62 cents/pound. Soybeans are still in a 1476-1548 trading range, but this w...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.