GOOD MORNING, Prices are lower on technical downside activity from yesterday's trade. Negative trade rhetoric continues between the US/China over the virus, and fund selling dominated Wed. trade, as end-users remain patient. Wheat is leading to the downside hitting new trading range lows post report on bearish data as well as better global crop weather. Beans broke on trade tension talk and despite the fact that China has made purchases over the last several weeks. Corn continues firm against both beans and wheat, as funds already hold a 225K short position, and charts have turned sideways. Crush took a bounce higher yesterday as bean weakness vs. steady product trade helped margins. S...
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.