Agricultural futures traders are aware that futures prices for corn, wheat, soybeans and soy products tend to go down at a much faster rate than they rise. A recent case in point is the first new crop contract month for the 2018 U.S. corn crop, December. Its highest close so far in 2018 was $4.2625 on 23 May. The same contract then finished at $4.0125 yesterday (4 June), a drop of $0.25 or about 6 percent in eight trading days. By historical standards, that may not be a very large price decline during a limited period. However, it is made to seem larger by December corn’s crawling pace of three months to climb from $4.00 to reach its 2018 high close. The rapid decrease of the December corn price has essentially been triggered b...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.