The recent price movements of the world's most widely-watched soybean, corn and wheat futures contracts have called to mind once again the question of what is the role of the U.S. market in determining world grain and oilseed values and whether those values move up or down.CME July soybeans are roaring higher. Our last look at mid-session showed they were up more than $0.60 since Tuesday's close and trading above $15.30. New crop November soybeans were up more than $0.45 to near $12.45. That is pretty hefty price movement in less than two days of trade. In the same time frame, CME July corn has gained a mere $0.04, but it was trading above $5.00 less than 10 days ago. Currently, the new crop December corn price is virtually unchanged since...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.