The soybean market was rife with rumors of Chinese defaults and a Chinese government crackdown on letters of credit, supposedly issued to pay for commodity imports being used to finance unrelated projects. General Comments Grain and soy futures markets have prospered in 2014 – so far. From 2 January when they entered the New Year until their recent highs, soybeans have gained about $2.34, corn has added about $0.97 and CME wheat has picked up $1.19. Wheat prices peaked on 19 March, earlier than the other markets due to the Russian takeover of Crimea. CME wheat, though, was up by $1.05 as recently as 15 April.However, the grain and soy price rally is struggling. It has appeared tired and overbought in recent days. In the last three trading...
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.