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feed-grains soy-oilseeds wheat

Market Commentary

Funds were still holding fairly large long positions in soybean and soymeal futures, but they were heavy sellers in both today. Corn withstood that onslaught of selling in the soy complex, and wheat also managed to separate itself. General Comments Yesterday afternoon’s six-10 and eight-14 day weather forecasts held the heat out of the guts of the Corn Belt. They also changed the precipitation forecast to normal/above-normal. Those forecasts took what remaining starch there was out of the soy complex overnight and today. Funds were still holding fairly large long positions in soybean and soymeal futures, but they were heavy sellers in both today.Crude oil futures also continued to decline, losing another $1/barrel today. The U.S. dollar w...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

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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.

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