Jul 20 Corn closed at $3.1325/bushel, down $0.0975 from yesterday's close. Jul 20 Wheat closed at $5.2475/bushel, down $0.0575 from yesterday's close. Jul 20 Soybeans closed at $8.365/bushel, down $0.03 from yesterday's close. Jul 20 Soymeal closed at $291.5/short ton, down $1.1 from yesterday's close. Jul 20 Soyoil closed at 25.47 cents/lb down 0.03 cents from yesterday's close. Jun 20 Live Cattle closed at $84.05/cwt up $1.425 from yesterday's close. Aug 20 Feeder Cattle closed at $127.275/cwt up $0.875 from yesterday's close. Jun 20 Lean Hogs closed at $55.275/cwt up $3.75 from yesterday's close. Jun 20 WTI Crude Oil closed at $12.96/barrel down $3.98 from yesterday's close. ...
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.