The CBOT turned red for the day with the rallies in wheat and corn fading with the December WASDE looming on Friday. USDA reported fresh SRW wheat export sales to China, which boosted wheat futures initially, but there was a subsequent sense of reluctance to exit profitable short positions ahead of the WASDE. Consequently, wheat turned lower and pulled corn down with it, though the latter market saw its own pressure from profit taking and selling based on South American rains. The rains in South America continued to punish the soy complex on Wednesday and all three legs of the crush posted losses. WPI expects Thursday’s trade to be muted and devoted to pre-WASDE positioning and the USDA’s report will obviously drive price action...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.