General Comments Markets were mixed in the overnight trade and for the first few hours of trade today. Corn and soybeans turned higher after Informa's latest production estimates were released. The market has gotten used to bearish numbers and maybe over-anticipated them again this month. There was never any real excitement today. We're in day four of the U.S. government shutdown, so there is no hard information about export activity to trade. It is possible that if the government is still closed next Monday, the 11 October USDA reports won't be released. That would mean another period of uncertainty about corn and soybean yields.Weather is also playing a role. There has yet to be any concentrated corn or soybean harvest activity. That...
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.