Note, the following is an attempt to summarize 2023’s major developments in ag markets and U.S. and world politics while injecting humor. Obviously, not everything is 100% factually “correct” and we leave it to you to determine fact from (hopefully) humorous fiction. January 2nd – Corn futures drop after a strong December rally as exports slow unexpectedly. Soybean futures, which are above $15/bushel, see pressure from strong farmer selling and a 105-bps surge in the USD. 6th – Argentina’s soybean crop ratings drop sharply to just 8 percent good/excellent. A Quinnipiac poll says the crop is rated only slightly less favorably than Joe Biden. 17th – The Rosario Grain Exchange est...
What You Need to Know Today: Headlines emerging from negotiations between President Trump and President Xi were relatively limited, with a more substantive announcement expected Monday. U.S. Trade Representative Jamieson Greer indicated that additional details related to agricultural trade cou...
The heat of summer is now transitioning into more moderate temperatures, and the next two months have the busiest marketing periods of the year for replacement cattle. Weather always influences the replacement cattle market, and the primary grain belt in the Southern Plains, where many cattle a...
Key Takeaways: Diesel accounts for about 64 percent of U.S. farm fuel spending. For farmers, the pressing question is what a higher price adds to each field operation. Iowa farm diesel averaged $5.50/gallon in September, compared with the $2.89/gallon Iowa State assumed for its February machin...
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.