General Comments After yesterday's big losses grain and soy futures rebounded during overnight e-trade and during the day session. Support came from Spain's successful auction of 10-year bonds. All of the bonds offered were sold, and more were wanted by potential buyers. The rate was 5.7 percent, which is up 0.4 percent from April but well below where they were trading in the secondary market a few days ago. Financial markets had feared that today's auction might be poorly received after news that Spanish banks have nearly exhausted the low-cost three-year loans they received from the ECB, most of which was spent buying Spanish government debt. That there was brisk demand for today's auction was taken as a positive sign.Support also came...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.