Today’s open followed last night’s close with corn, soybeans, and wheat all higher. The market subsequently dipped but only corn and soyoil failed to end the session in the green. Yesterday’s Federal Reserve statement indicating a likely end to interest rate hikes and potential reductions beginning next year have stoked equities, and income sensitive animal proteins. However, except for lean hogs, this was a very low volume trading session. The dollar index is now down nearly 5 percent in a little over two months. However, Argentina devaluing the peso offsets some of the benefit to U.S. wheat, corn, and soybeans. For the trading week thus far, only January soybeans, live cattle and lean hogs are higher. Febru...
Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...
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.