The CBOT was mostly lower to end the week with cattle and soyoil the only major markets to post gains. China is on its Dragon Boat holiday, which kept markets quiet as few developments in the cash market were expected. USDA’s report of old crop corn sales to unknown destinations offered some brief support on Friday, but old crop corn futures posted 3-cent losses anyway. Position liquidation based on Russian-Turkish talks about a Ukrainian grain export corridor was once again the primary driver of the day’s grain trade. For the day, funds are thought to have sold some 12,000 contracts of soybeans, 5,000 contracts of corn, and 6,000 contracts of wheat. Funds were also net sellers in the soy product markets and sold 3,000 co...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind supporting both soil and grain drying. Harvest activity has resumed; however, producers continue to prioritize soybeans, limiting progress in...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
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.