Today's higher grain and soy prices reflected the market's expectation that tomorrow's WASDE will be bullish. General Comments Although trading of a number of CME contracts for grains and livestock futures and options were unexpectedly stopped about 1:30 PM EDT by technical glitches in the Globex electronic trading platform, markets all managed to close with green numbers. In fact, every single futures contract on our particular quote screen finished higher today. That includes all wheat, corn, soybeans, soymeal, soyoil, oats, gold, silver and crude oil. Besides those markets, copper and the U.S. dollar index were higher. Among soft commodities, only cocoa closed lower. U.S. equity markets ended a three-day losing streak to close higher,...
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.