GOOD MORNING, It is the end of the month, first notice day, and part of a 3-day weekend, always good for contract liquidation. The COT report tonight should show funds around 80K contracts short beans, 65-70K short corn, and 40K short meal. Funds are slightly long wheat and soyoil. Prices continue to congest into sideways trading ranges after putting in good technical reversal signals for corn and beans at new lows this week. Could there be more upside? The reversal signals are usually correct, but the upside may still be met with a healthy dose of skepticism for both these markets as bears view current demand as bearish. The findings of the Pro Farmer crop tour did not offer up a full-blo...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.