Pre-WASDE positioning sent the grains complex lower today, while livestock futures were under pressure from profit taking and lackluster cash markets. Fund managers are worried tomorrow’s report will be a repeat of the August WASDE and are paring back any long positions. It’s tough to be bullish when the market almost uniformly expects record U.S. yields. Corn and soybeans are near contract lows, which has farmers and funds largely sidelined from selling. In turn, that is leaving end users to extend coverage on what are now cheap prices. Hurricane Florence continues to barrel toward the Carolinas, threatening some of the most important barbecue-producing regions in the U.S. Beyond barbecue, however, the storm’s anticipate...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
Key Takeaways: Managed money is holding more than one million net-long contracts across agricultural markets, with corn, soybeans, and soymeal all reaching record net-long positions in September. Fundamental concerns surrounding yields, supplies, and global availability have helped justify the...
Under an Executive Order on 4 September, USDA announced $50 million in new funding to help states establish or expand meat and poultry inspection programs as part of an effort to increase processing options for livestock producers. It’s called the Stand-Up Program, which will help states...
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.