THE OPEN Nov beans: 5 3/4 lower Dec meal: 1.40 lower Dec soyoil: 15 lower Dec corn: 1/2 lower Dec wheat: 1 higher The markets opened as expected but the soy complex found new selling after the open which drove beans lower and grains off the new highs traded. Stories include ongoing concerns over China's energy crunch and what they are going to do about Evergrande. Goldman's higher projections for energy prices found crude in the green, as is the US dollar, early in the session. Macro markets turn at midday, with crude oil seeing a round of profit-taking resulting in a sell-off back towards $74.39/barrel. Concerns about a gov. shut-down finds the Dow sharply lower at midday, down o...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
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.