A substantial portion of Brazil’s soybean-growing areas have been very dry in recent weeks, though some areas got a minor respite last week. Unfortunately, amounts received were highly variable. The largest amounts of rain were about 2 inches (50.8 mm), but in most areas the amount was only one-fourth as much. Temperatures have also been quite warm. The dryness of the last few weeks has primarily been in Parana and Mato Grosso do Sul but has now spread into Mato Grosso and Goiás. The driest part of Mato Grosso is in the eastern part of the state, but it also has been dry in parts of the central and western parts of the state. Early-maturing varieties of soybeans have been the most impacted by the dryness. Unfortunately for Bra...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.