The Market It was a volatile week that started with price spikes on fears of a devastating drought but then sharply reversed on prospects for improved moisture - the very definition of a weather market. While soybean conditions have worsened, the crop is less threatened than corn at this juncture. Soybeans handle early season dryness better and can rebound on good rains in late July and August. The problem is longer term pattern of dryness. Soybeans hit a 3-month high on Wednesday and then incurred a 67-cent loss over the next two days. Yet export demand continues. Soyoil fell the daily limit (4-cents) after U.S. EPA’s renewable biodiesel blending requirement for the next three years failed to match up with market aspirations. The v...
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.