Monthly Summary June Activity Surge Led by Corn, Egg, Palm, and Soybean Futures After the slowdown in May, trading volumes for agricultural futures on the Dalian Commodity Exchange roared back in June as monthly trading volume rose by 34 percent. With a total volume of 93.41 million lots, June’s totals were up by nearly 88 percent from the previous year. Corn, egg, palm olein, and No. 1 soybean futures saw their trading volumes increase month-over-month by 32 percent, 83 percent, 29 percent, and 55 percent, respectively. Combined, these four contracts had a total monthly turnover of 57.2 million lots, accounting for 61 percent of June’s total across all agricultural futures on Dalian. As a share of the total trading volume on...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
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.