It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in the worst-case trade scenario, especially regarding China. U.S. crop condition ratings should hold their excellent levels in Monday’s crop progress report. Extended forecasts are starting to look warmer and drier for late June through early July. There has been so much moisture across the Corn Belt and northern Plains that heat won’t hurt unless it persists for a long time. World weather is still price supportive. It has been hot and dry a...
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.