World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Still Looking for that Inevitable Bottom

Today, everything bled red except live cattle. Generally favorable U.S. weather overhangs the market until USDA’s Acreage Report is issued next week on 28 June. 

Nothing is tanking as much as wheat, with Paris now entering oversold territory and July HRS hitting a new contract low. Some warn that wheat supplies are not that clearly abundant. Russia controls the market, and it is a potentially troubled leader. The southwest part of Russia has historically had a moisture retention issue, and that becomes especially apparent in drought. Each time it has been dry, there has been a significant production drop off. The average production drop from the four previous similar dry periods is -23.4 percent. At this juncture, the crop is...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5425/bushel, up $0.005 from yesterday's close.  Jul 26 Wheat closed at $6.07/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.645/bushel, down $0.1 from yesterday's close.  Jul 26 Soymeal closed at $316.3/short ton, down $4.9 fr...

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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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