There are just 1.5 trading days left until the Christmas holiday and funds are starting to lighten their positions. The hope is to reduce risk while the focus shifts to family and friends. Instead of its historical policy of an early closure on Christmas Eve, the U.S. government this year will be fully closed on 24 December. The futures and equity markets are sticking with an early closure on that day and considering the lightened volume and historical trend in commodity futures, some may wonder why bother to open? During the decade of the 2010’s, Christmas Eve in the futures market has not always been predictable. In 2010, it was a large gain day for corn, wheat and soybeans but the same shortened trading day in 2014 incurred large...
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.