The overnight session was a yawner and Thursday morning’s trading at first appeared to follow. However, about an hour and a half in, suddenly corn and soybeans caught a head of steam, even as the wheat market stayed mostly submerged all session. The latter likely due to expectations that both domestic and global carryout will be increased in tomorrow’s USDA WASDE report. There was large volume at play today as corn and soybeans both gained for a fourth session in a row. In fact, July soybeans hit another contract high. While corn and soybeans were the leaders on strong demand, both retrenched somewhat later in the session. Still, basis levels are very firm and provide support to nearby futures, including bull spreading in...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.