THE OPEN March beans: 1 lower March meal: .40 higher March soyoil: 11 lower March corn: 1 3/4 lower March wheat: 1/2 higher Prices opened as expected with traders back to buying beans and selling corn. Short-covering in soyoil stabilized bean trade, which saw strength from the start of the trading session. One corn specific headline involved China suspending its national ethanol mandate, which suggests they may not import ethanol to blend in the new trade deal. Beans continue to see support from the signing of the deal on Jan 15, an expected bullish USDA report, and future possible Chinese purchases. Funds are an estimated net short 8K contracts of beans, 20K meal, and 90K corn, wh...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.