Wheat futures led the CBOT higher heading into the July WASDE after Russia launched 22 drones overnight at Ukraine’s Odesa grain terminal. Ukraine’s air defenses defeated all the drones, but two hit administrative buildings and debris from downed drones started two fires at port terminals. Russia’s actions cast further doubts on the renewal of the export agreement and also on Ukraine’s ability to keep supplying grain to its export markets. Corn futures saw a bit of support from the wheat rally but also plenty of pressure from the partial recovery in crop conditions in Monday’s report. Soybeans were higher on expectations of a tighter supply and demand picture in the July WASDE report as well as the persistently...
What You Need to Know Today: The surprises from the USDA’s Acreage report were a sharp reduction in winter wheat area from the March Prospective Plantings estimates and a larger-than-expected increase in corn area. The Grain Stocks report offered relatively few surprises, but quarterly d...
On Monday, the Trump Administration suspended the countervailing duties (CVDs) on phosphate fertilizer imports from Morocco via Executive Order. The CVDs were imposed in 2021 by the Biden Administration and were subject to a routine five-year sunset review. According to the Agricultural and Foo...
Key Takeaways: High oleic soybeans produce oil containing 70–80 percent oleic acid, improving stability and eliminating the need for partial hydrogenation, which eliminates trans fats. There are three primary varieties of high oleic soybeans available commercially: Plenish, Vistive Gold,...
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.