Markets opened the Thursday evening session marginally softer after yesterday’s weakness. Corn and wheat pushing to new highs yesterday morning and then selling off when little fresh buying showed up provided a very weak-looking technical pattern. Markets finished the night session with some small gains, buoyed by talk that the North Korea summit meeting might still have some life. This is also the first long holiday weekend of the summer. U.S. markets will be closed during the day on 28 May for Memorial Day and then open that evening. The markets are also dealing with some weather issues, especially in several important wheat-producing regions. While that can make them nervous ahead of a long weekend, wheat markets stayed very strong...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
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.