General Comments Frankly, we get tired of talking about weather and Europe's debt crisis all of the time, but realistically, when it comes to grain and soy markets these days, what else is there to talk about? Well, there is one other thing, and that is the difficulty that users and exporters are having sourcing old crop corn. That difficulty is measured by the direction taken by cash bids. Since mid-May the cash basis bids for corn have had only one direction, and that is up. Bids for nearby cash corn in Peoria, Illinois jumped 13 cents today to 73 over July. We wonder if that is some kind of a record.Undoubtedly, some corn is still in farm storage. Those who still own some corn are understandably reluctant to part with it until they be...
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.