Markets were quiet and somewhat weaker overnight, but this changed during the day session when corn and wheat turned and headed higher. General Comments Outside markets were mixed. U.S. stocks had an up and down day before closing with minor losses. The U.S. dollar index was up slightly. Gold and silver fell, but copper posted a small gain. NYMEX crude oil jumped $1.02 higher to close at $101.28 as stocks of crude at Cushing, OK, the main NYMEX delivery point, continued to drain toward the Gulf through the recently opened pipeline that is supposed to be the southern extension of the Keystone pipeline. The market also expects a pickup in demand this spring. Falling crude stocks at Cushing have supported NYMEX crude prices and narrowed the...
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.