General Comments Following the bullish reports from USDA, grain and soy futures prices strengthened as the need to slow down the domestic use of corn and both domestic and export demand for soybeans was made obvious. However, with large South American crops drawing ever closer and U.S. spring planting barely more than two months away, markets can perhaps be best described as nervously bullish. Many traders now may be reluctant to be short, but the longs tend toward a short-term view, often using the next rally to cash in. Thus, the last two overnight sessions have opened with profit-taking pushing prices below the previous closes. In turn, the early overnight price dips have been met by fresh buying, causing prices to recover and move hi...
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.