THE OPEN March beans: 5 1/4 lower March meal: 2.50 lower March soyoil: 50 lower March corn: 2 1/4 lower March wheat: 7 3/4 lower The markets opened lower, but shorts were still looking for places to cover given the good performances of the past week. Setbacks were still largely viewed as areas for shorts to cover something in, while oilshare entered into a small correction. Funds are now near a record long in soyoil, which could be near 71K, while beans are now estimated to be short 75K, 27K in meal, and 100K in corn. Funds are estimated to be long 40K in wheat. On the political front, Argentina took grain export taxes higher with grains up 3% to 15% and beans up 3% to 33%. ...
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.