The market felt like wheat again became the short leg of the corn and soybean markets. If you don't trust a rally, you sell something else against it. General Comments Markets were weak overnight in anticipation of a bearish series of USDA reports. That weakness accelerated and trading volume was extremely light ahead of the 12 PM reports, pushing corn and wheat down more than 15 cents and soybeans down more than a dime. The USDA reports (detailed in a separate analysis) were obviously much more positive than expected, and markets staged major reversals that held through the close and came on very large trading volume following the reports' release.In brief, the 1 March corn stocks number and the corn planting intentions estimate were bot...
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.