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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Trying to Find New Ranges

The CBOT saw more bullish influences on Monday from Friday’s WASDE report in which USDA slashed the 2024 U.S. corn and soybean yields. After considering the numbers and implications over the weekend, traders decided there was enough demand for both products and, if USDA’s latest numbers are correct, tight enough supplies to justify another day of gains. Soybeans posted near-30-cent rallies for the day while corn ended 6-8 cents higher, and wheat scored double-digit gains in spillover trade. The Export Inspections report was bullish the three major markets as well and helped keep the upward momentum for the day. The post-WASDE price action has corn and soybeans moving into new trading ranges that have yet to be fully defined while wheat is t...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.765/bushel, up $0.06 from yesterday's close. Mar 25 Wheat closed at $5.45/bushel, up $0.1425 from yesterday's close. Mar 25 Soybeans closed at $10.53/bushel, up $0.2775 from yesterday's close. Mar 25 Soymeal closed at $307.8/short ton, up $9.5 from yester...

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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.

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