General Comments The Pro Farmer tour's corn and soybean production estimates were below the USDA August WASDE estimates and that, coupled with the extended streak of very hot and very dry weather, brought heavy fund and speculative buying back to the soy complex. All markets opened stronger than expected Sunday and soybeans were trading 50+ cents higher by the time the sun rose. Volume was huge in the overnight session and total volume today in corn and soybeans was enormous. Volume in the November soybean contract was above 200,000 contracts. Volume in December corn was over 277,000 contracts. That is three times what has been a normal daily volume.Outside markets were mostly non-events today. Crude oil was marginally lower and the do...
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.