Under the seemingly endless barrage of bearish inputs and analysis, grain and soy prices have basically been headed downhill since last July. In this market environment, it should not be surprising that noncommercials, primarily funds, responded by establishing large short positions.How many words have been written during the last six months to describe the “extreme” fundamental bearishness in which grain and soy complex markets (cash and futures) are mired? It is a theme that has dominated market analysis commentary from all sources, virtually to the exclusion of anything else. The litany of details has been endlessly described: expanded planted area; favorable weather; very large world grain and soybean production for three consecutive ye...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.