THE OPEN March beans: 3 higher March meal: 2.10 higher March soyoil: 1 higher March corn: 1/2 higher March wheat: 2 1/2 higher The markets opened as expected with bean prices trading to new highs with the move up on further short-covering activity, while longs booked profits in wheat and soyoil. More business announcements before the open and more tariff reductions from China paving the way for a signing agreement in early January helped to maintain a higher path. It was announced before the open that China purchased 126,000 mt of beans for the 2019/20 marketing year. Additional announcements were that USDA changed the destination for 225,500 mt of beans from unknown t...
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.