GOOD MORNING, Soy and grains are mixed this morning after hitting some key target highs. May meal posts a new contract high at $336.30, while May beans stop short of gap-fill with a high at $8.85. May corn prices take a stab at a trade over $3.45, but are turned back so far. May soyoil charts appear to be basing with a trade back over 26c, as higher palm provides spill-over strength. July wheat buyers take a step back after condition ratings dramatically improved for US winter wheat. As the stock market continues to undergo its rebalancing and liquidation phase due to the Coronavirus unknowns, Ag prices are beginning to show some muscle. Though corn and soyoil are linked to the sinking energ...
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.