World Perspectives
feed-grains soy-oilseeds wheat

Flatliners

While it’s easy to sit back now and wonder how markets could collapse so far so quickly, the fact is (was) that a full-blown summer drought wasn’t needed to create a bullish outlook.There was a movie released years ago called “Flatliners,” which was about a group of medical students who put each other into near-death experiences in an attempt to discover the meaning of life. Corn and wheat markets are now replicating that storyline. The soybean market could join them if it reaches its full yield potential based on this week’s Pro Farmer tour pod counts.Below are the December Chicago corn and wheat charts. There doesn’t appear to be anything left in the near future to pull prices out of this latest tailspin, which is supported by the followi...

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Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

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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.

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