General Comments After corn and soy futures prices jumped so sharply yesterday in the haste to price in the risks of the late season drought and this week's mini-heat wave, it was expected that some profit taking and consolidation would dominate today's market. This did happen more or less, but a high degree of price volatility and heavy trading volume remained. Corn prices traded both sides in a 20 cent trading range before closing down mainly 14-16 cents. Soybean prices roamed in a trading range of more than 40 cents before the November contract closed down 19 cents and near session lows. It was also up 20 cents at one point, challenging resistance at the old contract high that was set 11 months ago.A few days of heat will persist in...
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.