THE OPEN July beans: 1 1/2 lower July meal: 1.40 lower July soyoil: 30 lower July corn: 2 1/2 lower July wheat: 5 higher Prices opened on a cautious note with funds back to selling markets across the board. Weakness in soy and corn spilled over into morning wheat strength, which eventually worked both sides of even as well. Macros were weaker with the Dow off over 300 pts in early trade. Wheat prices held up at the start of the day, supported by freezing weekend temperatures and business to China. At 10:00 export inspections were released as follows: corn: 1,029,886 mt vs. 1,279,364 mt beans: 442,024 mt vs. 300,915 mt week ago wheat: 608,709 mt vs. 350,...
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.