General Comments Trading during the overnight session was quiet and without much direction as prices chopped about narrow ranges. Fresh input was lacking, and traders are reluctant to do much ahead of Friday's all important USDA reports. The day session opened with technically oversold markets showing modest strength. Funds were buyers of relatively small quantities of everything except soybeans and soyoil, for which they were small-scale sellers. That funds were buyers of anything is perhaps worth noting.Index funds began formal rebalancing late in the session, although we imagine some funds started the process earlier. The fact that CME wheat closed lower and KC wheat closed higher can be attributed to rebalancing activity with index 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.