World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Trifecta Pressure

Chicago was pressured lower today by three key factors:  Badly needed rain dropping this weekend.  Crop tour reports of better yields.  Bearish macro-markets that were in turn pressured lower by concerns about the spread of the Delta COVID variant and Federal Reserve tapering of liquidity stimulus.  Rain makes grain and concurrently causes prices to fall. Right now, the forecast should give a boost to northern Plains/Canadian crops that otherwise have had an unpleasant summer. Volume was mixed with higher participation in the soy complex and HRS, with lower volumes in corn, plus HRW and HRS. It was a beat-down day with intra-day lows breaking through support levels and staying that way at the close ex...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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The CBOT came under heavy selling pressure following the January WASDE as USDA unexpectedly increased U.S. corn acreage and yields. The USDA also added area to the soybean harvested and made a bearish cut to U.S. wheat demand, moves which sent all of the major commodity futures markets sharply...

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feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

London based GAFTA – Grain and Feed Trade Association – advises that in 2024/25 they had 314 new mainly grain arbitrations and 43 appeals. 170 arbitrations were finalized while 46 were settled outside of arbitration. The average cost for an arbitration, under rule 125 for a GAFTA me...

feed-grains soy-oilseeds wheat

Market Commentary: Yield, Acreage Increases Sink Corn, Soybeans

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India Holds Out; USMCA Friction; AI and Ag

India Holds Out The most disappointed of U.S. trading partners has to be India. It has long held hope that it would succeed China as the largest foreign supplier to the American market. It is a natural foil to China, which has been politely designated by Washington as a strategic competitor and...

energy

Venezuela Oil Situation and Oil Price Impacts

The world woke up on Jan. 3 to news of the arrest of Nicolas Maduro, the self-proclaimed president of Venezuela. Few expected this move from the U.S. administration, but in hindsight it may not have been surprising. The Biden administration had placed a $25 million bounty on Maduro through the...

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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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