General Comments Yesterday's tepid attempt at price recovery quickly got buried by persistent selling by funds. Some of the selling was in response to technical weakness as both November soybeans and December corn prices blew through support levels. Some of the selling may have been the result of a reallocation of money for a new month. Some of the selling may have simply been a reflection of the continuation of non-threatening weather. For whatever reasons, funds were a major factor in today's price weakness that nearly spanned the board.Today's selling was at odds with some impressive volumes contained in last week's export sales report. Corn and soybean export sales for 2013/14 both came in over 1 MMT. Wheat sales were just short of...
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.