THE OPEN Nov beans: 5 1/2 lower Dec meal: 2.10 lower Dec soyoil: 3 lower Dec corn: 1 higher Dec wheat: 3 higher Prices opened as called with corn posting new lows again for the move down. Trends for the day included buy wheat/sell corn and buy soyoil/sell meal. Oilshare corrected to the upside as meal charts worked back towards the middle of recent trading ranges. Traders continue to liquidate their corn length and may be getting on the short side of the market. Outside markets were taking a beating with the Dow off over 600 points, weighing on commodities in general, and crude oil specifically. Weaker outside markets did add some weight to what could be constru...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.