The CBOT was lower again on Tuesday as fresh economic lockdowns in China and another day of selloffs in macroeconomic markets weighed on ag futures. The soy complex led the way lower with all three legs settling in the red amid fears of waning demand as China combats rising COVID-19 cases with new travel and economic restrictions. Wheat futures were lower as the U.S. harvest picks up speed and the U.S. dollar hit a 20-year high for the day. Corn survived the day’s selling the best of any major ag market and settled with 1-cent or smaller losses as late-day strength pulled the market off the day’s lows. While the long-term U.S. weather forecast remains concerning, strong numbers in Monday’s Crop Progress report and a mostly...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind supporting both soil and grain drying. Harvest activity has resumed; however, producers continue to prioritize soybeans, limiting progress in...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
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.