GOOD MORNING, Prices begin the day on a mixed note as soyoil futures trade down to a new low as funds continue to liquidate length and oilshare. Grains are still firmer vs. beans and soyoil. Buy corn/sell wheat and bean trade will be an opening trend. Chart watchers are watching to see if March bean prices can climb back over $9.00, and if March corn can retain a firmer trade over $3.80. March wheat, where funds have most of their length, has so far bounced back nicely from its break just below $5.60, which is very characteristic of a bull market at work. Outside markets are lending a calmer influence, though beans still appear to have more weight as harvest pressure increases from Brazil, and there are no signs of...
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.