The overall mood of the markets has been so bearish over the past several months that it was somewhat refreshing to see at least one day, Wednesday, when significant buying returned -- if only for a day. What the market really demonstrated Wednesday was that it only took a hint of a potential streak of hot and dry weather to push prices sharply higher. It was probably also aided by the fact that last year's major price rally also started this week. The difference so far, of course, is that this year's rally lasted one day while last year's rally took us to new all-time highs in corn and soybeans.Nearly everyone except producers want to see bearish markets, especially following several years of extremely high prices combined with extreme p...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.