GOOD MORNING, It'a a long weekend with markets closed for the Martin Luther King Holiday on Monday, January 20. Grains are firmer this morning while the soy complex is mixed. Wheat continues to see support from rising world values, and funds continue buying on a strong technical uptrend. Wheat bulls are sticking around for more, having survived the sell-off elsewhere on the board yesterday. Conversely, oilshare and soyoil prices continue to see downward price action as soyoil bulls exit. Fund selling was noted across the board yesterday due to ideas that a Chinese buying spree could be a second half of the season deal, while new bean supplies for Brazil will be read in a few weeks time. Beans/soyoi...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.