World Perspectives

How Hard Did You Work Today?

Commodity futures volume is notably higher on WASDE release dates, and understandably lower on short trading days like Christmas Eve. Putting it into context, in recent years the volume of soybean and SRW contracts traded on Christmas Eve has been about one-third the volume traded on the WASDE release date for December.  The highest recently traded volume for Christmas Eve was in 2017, while the lowest was in 2012. What is notable is that the volume traded on Christmas Eve has generally been trending larger. Meaning that over time, this is becoming a busier day for work. It is unclear whether this is the result of increased secularism, financial pressure, or the Amazon effect of enabling holiday shopping and commodity trading to occur...

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WPI Crop Progress and Conditions App (Updated 28 April)

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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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