THE OPEN Nov beans: 7 lower Dec meal: 1.00 lower Dec soyoil: 60 lower Dec corn: 6 lower Dec wheat: 2 1/2 lower The markets opened lower and found more liquidation on the same news as yesterday; export delays, rainfall, and weaker technical price action. Weaker oilshare was a feature of trade once again. Disruptions from the Gulf are dominating market sentiment. The uncertainty of the timetable for exports is negative, and unknowns tend to go against market positions. SOY Prices opened on the defensive but weaker soyoil futures weighed on beans, which were already moving sideways/lower. December soyoil broke the 58c level, following weaker crude, palm, and canola prices.&nbs...
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.