General Comments Overnight grain and soy futures activity basically involved traders stepping back and taking deep breaths after yesterday's big rally. Volume slackened and prices resisted being pushed either up or down. This lack of enthusiasm carried over to the day session as well. Trading volume was light, price ranges were relatively narrow, and closing price changes were modest.Wheat continued to be the upside leader based on worries about drought-plagued U.S. HRW, reduced production in Australia and too much rain in Argentina. However, the big jump in wheat futures prices came yesterday, and the best the wheat market could manage today were small gains of 2-4 cents. Nevertheless, today was the seventh day in a row in which wheat f...
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.