General Comments The December corn contract basically has been forming a consolidating-wedge pattern since the middle of October. Normally, the formation of such a pattern happens after prices move in a sharp trend (either higher or lower), consolidate and then continue onward. However, the trend preceding this current consolidation was a rather gentle decline lower. As a result, the direction of any breakout in corn prices will be heavily dependent upon the contents of tomorrow's USDA reports.Fund managers who are currently holding long positions would naturally like to see corn, wheat and soybeans all close sharply higher tomorrow so that they can sell into increased buying, but they are likely to be disappointed without some significa...
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.