World Perspectives
feed-grains soy-oilseeds wheat

Supply Bulls, Demand Bears

Current grain and soy futures markets remind us of two old market clichés. The first is, “bears make money, bulls make money, but hogs get slaughtered.” The second is, “you never go broke taking a profit.” It appears that some fund managers may have forgotten or ignored both sayings. They have stubbornly held on to long positions in corn futures despite the considerable fundamental and technical signs during the past few weeks that it was time to exit those positions. To be fair, there has been a fair amount of fund liquidation in recent days. At yesterday’s close, though, funds were still estimated to be long at least 100,000 contracts with aggregated losses that are still growing. We can be rightfully...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2475/bushel, down $0.0075 from yesterday's close. Mar 25 Wheat closed at $5.5575/bushel, down $0.09 from yesterday's close. Jan 25 Soybeans closed at $9.8575/bushel, up $0.0225 from yesterday's close. Jan 25 Soymeal closed at $295.9/short ton, up $4.4 fro...

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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.

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