Dec 19 Corn closed at $3.71/bushel, up $0.0075 from yesterday's close. Sep 19 Wheat closed at $4.69/bushel, down $0.0475 from yesterday's close. Nov 19 Soybeans closed at $8.7075/bushel, down $0.0725 from yesterday's close. Dec 19 Soymeal closed at $296.9/short ton, down $3 from yesterday's close. Dec 19 Soyoil closed at 29.45 cents/lb down 0.1 cents from yesterday's close. Oct 19 Live Cattle closed at $98.525/cwt up $0.025 from yesterday's close. Sep 19 Feeder Cattle closed at $133.3/cwt up $0.475 from yesterday's close. Oct 19 Lean Hogs closed at $65/cwt down $1.775 from yesterday's close. Sep 19 WTI Crude Oil closed at $54.67/barrel down $0.56 from yesterday's close. ...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.