General Comments Following yesterday's sharp jump in grain and soy futures prices, a Turnaround Tuesday sort of consolidation seemed almost inevitable. Still, the market tried to hang on and even add to its gains from Monday's day session as overnight trading opened. The decline in the weekly crop condition ratings for corn and soybeans helped hold the line in early overnight trade. However, by the opening of the day session market, sentiment increasingly looked on Monday's rally as being overdone. Short term traders were quick to sell out what they bought yesterday, and some funds also sold limited amounts. However, today's fund selling never approached the volumes that they bought yesterday.At this time when corn and soybean yield an...
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.