As the trading week closed out, the soy complex incurred another series of impressive gains largely driven by production uncertainties in South America. The CFTC reports that speculators increased their net long positions in soybeans in the week to 4 January by 5,140 contracts to a total of 85,850 contracts. Supply Analysts have already begun reducing their estimates for Brazilian production (see graph below). If Brazilian consultancy AgRural is correct, Brazil will have the lowest yield since 2015/16. A new official estimate will be issued by Brazil’s Conab on 11 January and by USDA on 12 January. The trade expects USDA to make a modest cut from its current 144 MMT estimate for Brazilian soybeans to 141.6 MMT. They also expect U.S...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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...
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.