THE OPEN July beans: 5 higher July meal: .50 lower July soyoil: 35 higher July corn: 2 3/4 higher July wheat: 6 1/4 lower Prices opened as expected with corn and soyoil prices higher on the back of firmer crude oil at the open. However, only one of them stayed higher on a consistent basis through-out the day, which was soyoil. Oilshare was higher as traders bought soyoil/sold meal. Funds were liquidating more long positions in wheat, as weather turns neutral from bullish. Solid exports for beans in tomorrow's report is price supportive, with the USDA confirming purchases of US beans at roughly 800,000 mt for the past week. A higher US dollar works against wheat sales, a...
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.