THE OPEN Nov beans: 3 lower Dec meal: 2.00 lower Dec soyoil: 3 higher Dec corn: 8 lower Dec wheat: 5 1/2 lower The markets opened as called but quickly found new selling interest as another open week of harvest approaches. Bids at the Gulf are firmer, which is a sign that export loadings are seeing a resumption. Tropical storm Nicholas is expected to hit the coast of Texas, which could produce port closures. At 10:00 export inspections were as follows: wheat: 547,943 mt vs. 412,649 mt week ago (vs. an expected 200-500,000) beans: 104,368 mt vs. 90,603 mt week ago (vs. an expected 75-300,000) corn: 138,190 mt vs. 278,294 mt week ago (vs. an expected 250-600,000) Inspectio...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
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.