World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The CBOT opened with short covering driving SRW wheat and soyoil higher. Corn and soybeans were lower as weaker energies highlighted ethanol demand risk and liquidation trade developed in soybeans. U.S. stocks opened lower and the Dow posted a 500+ point loss before rallying in the afternoon. Crude oil futures followed a similar pattern and were up 2 percent by the close.  The Export Inspections report saw shipments of corn, wheat, and soybeans all fall below trade estimates. WPI’s interpretation is that the report was bearish corn as exports missed their needed volume by 15 mbu. Wheat shipments were slightly bearish with the weekly figure below what is needed to keep pace with USDA’s forecast, but given that it is only th...

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Summary of Futures

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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.

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