The CBOT opened in-line with expectations with buy grains/sell oilseeds trade developing early. Some bull spreading developed between soyoil/soymeal as the latter contract held to two-sided trade on Friday. Soybeans found early pressure on continued profit taking after yesterday’s pullback but found afternoon strength and closed 10 cents higher. The big news in commodity markets today was a Reuters report that the Chinese government is expected to issue more import quotas for corn this year. The report cited a surge in animal feed demand and tightening corn supplies as reasons for the additional quotas. China has already booked 12 MMT of corn from the U.S. alone, 5 MMT more than its WTO commitments, and WPI sources say the Midd...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.