GOOD MORNING, Bull market price action continues as funds purchase the market based on technical strength. Most of the markets except for soyoil continue to post new or ctr highs. Beans continue to trend higher with rumors and confirmation of further Chinese business. Tuesday Chinese demand revolved around Jan and Feb shipments. US markets continue to follow higher Chinese Dalian Exchange prices for corn, and rising Black Sea premiums for wheat. Bean and corn basis levels remain firm. The US farmer is somewhat engaged but upper targets are still pending. Brazilian farmers are good sellers due to the weaker Brazilian Real, with forward sales now estimated at 55%, which is much higher than in...
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.