General Comments Markets were basically steady during much of the overnight trading hours with soybeans trading back and forth while corn and wheat were generally slightly lower. The closer we got to daylight, however, the weaker the markets got. By midmorning soybeans were down 17-18 cents, corn was down 10-12 cents and wheat was down double-digits in Chicago with smaller losses in KC and Mpls. Part of the selling was blamed on more "fiscal cliff" worries, but that didn't make sense with financial markets and crude oil slightly higher and the dollar slightly lower. People were not taking money off the table in those markets.The more plausible reason for the selling was that traders were taking some money off the table ahead of tomorro...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.