The Market Today broke a record. For the first time in nine years, soybean futures did not rise on the release of the January WASDE report. With the exception of soyoil, it was pretty much a bearish week for the futures market. In fact, it has been a month of declining prices. Today’s USDA January March WASDE report only reinforced that dynamic, but the market did not overreact to its view of increased supplies. March soybeans lost 32 cents (-2.5 percent) for the week and closed at 1224.25/bushel. March soymeal lost $7.30 (-1.9 percent) for the week to end at 362.1/ST. And March soyoil added 0.62 cents (1.3 percent) to a final value of 48.25/pound. Soyoil was the only part of the grains sector to end the week in the green. It was als...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.