The holiday-shortened trading week is around the corner, the CBOT opened as call and was subsequently characterized by position evening/liquidation. The markets did a whole lot of nothing and stayed within their recent trading ranges. The most notable trade is that wheat continued to leak lower, breaking below what was otherwise looking like a bull flag on the charts. Fundamental news remains light, leaving traders with little interest to extend speculative bets ahead of the holidays. Trading volume was anemic and today’s price action likely means little for the future direction of CBOT commodities. Several reports have noted how guessing the amount of Chinese imports of U.S. farm goods has become the CBOT’s unofficial pa...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.