General Comments Asia and Europe came back to work last night for the first time since USDA's reports were released last Friday. Markets opened very firm and then gradually rallied throughout the night. That buying continued with the open outcry session, and wheat, corn and soybeans traded with double-digit gains. USDA also announced another 120,000 MT of old crop soybean sales to China. Soybeans had rallied very late in the session last Friday to finish 4-5 cents lower. They were the leaders today. As expected, the markets were driven by old crop-new crop bull spreading.Trading volume today was the largest we've had in the past two months.There was no excitement in the other markets. Crude oil was steady until a late rally and gained...
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.