Wheat Old crop wheat in Argentina is almost gone. With only a few sellers left who still have export licenses and not many more to be released, sellers are not in a hurry to part ways with their wheat. The late rally in Chicago and Kansas caused traders to withhold offers for a few days while they waited to see further developments in the outside markets. After the rally, some offers appeared at higher prices. Traders are willing to sell at $265/MT or near that for July or 15 July – 15 August shipments of 12 percent protein while buyers are at $260/MT. Some trades were made in the $260s. This compares to Uruguayan wheat, which was traded around $250 for July shipment of 11.5 percent protein. At those levels, more demand could appear. Mea...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.