World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Weather Everywhere

Today’s trading brought corn and wheat back down to earth based on possible improved rains next week. Emphasis on possible since nothing is assured. Such a dry start is usually not the opening to a bin buster and all eyes are first on tomorrow’s weekly Drought Monitor report, next on Friday’s WASDE report, and then on Monday’s newest Crop Progress report.  Doubtful weather conditions are global. China’s wheat and corn crops in Henan province are waterlogged. Some of Ukraine’s cropland is also waterlogged, though not due to Mother Nature. Australia and parts of Southeast Asia are likely facing drought from El Nino. And southern Europe remains too dry. Ironically, Russia has escaped its historical pro...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.17/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.15/bushel, down $0.0525 from yesterday's close.  Nov 25 Soybeans closed at $10.2525/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $285.8/short ton, down $3.2...

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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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