GOOD MORNING, The markets are lower this morning on profit-taking from current market tops as better rains fall across areas of Brazil. This is a corrective move from the top as the mission of the market is now to define new and higher value trading ranges, except for wheat which is still closer to the bottom of its trading range activity. Current rallies have been sharp, and charts extremely overbought. Cushioning a larger break is continued chatter that China buyers booked as many as a dozen cargoes of corn and beans each this week, which was a part of the recent price rise. Soyoil remains a fan favorite over meal, as crush margins move lower and vegoil global prices move higher. Beans started to sell-off more aro...
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.