Wheat, corn and soybean futures were higher overnight. Chicago wheat traded as much as a dime higher with corn and soybeans up 3-4 cents and 6-8 cents, respectively. Overnight volume was nothing special, and none of the buying surfaced in today’s session. In fact, those same futures all traded slightly lower much of the day on light fund selling, although Chicago and KC wheat managed to close with gains of around 1-2 cents with MGEX contracts mixed fractionally or unchanged. Funds started this week short wheat, soybeans and soyoil while long a small amount of corn and soymeal. Conservative candidate Jair Bolsonaro has been elected to be the new president of Brazil. As noted here a few weeks ago, he is pro-agriculture and pro-busines...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...
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.