Jul 24 Corn closed at $4.4675/bushel, down $0.025 from yesterday's close. Jul 24 Wheat closed at $6.0325/bushel, down $0.0525 from yesterday's close. Jul 24 Soybeans closed at $11.63/bushel, down $0.19 from yesterday's close. Jul 24 Soymeal closed at $351.9/short ton, down $2.4 from yesterday's close. Jul 24 Soyoil closed at 43.01 cents/lb down 1.36 cents from yesterday's close. Jun 24 Live Cattle closed at $174.975/cwt down $2.175 from yesterday's close. Aug 24 Feeder Cattle closed at $255.5/cwt down $4.125 from yesterday's close. Jun 24 Lean Hogs closed at $102.475/cwt up $0 from yesterday's close. Jun 24 WTI Crude Oil closed at $81.58/barrel down $1.05 from yesterday's close. ...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
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.