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feed-grains soy-oilseeds wheat

Market Commentary

Overnight futures trade featured stronger wheat prices, lower soybean prices and corn near unchanged with only average volume. The soybean market seemed to exhibit “rumor fatigue.” When at last USDA/ FAS announced a sale of 1.13 MMT of soybeans to China under the daily reporting requirement, soybean futures prices reacted by moving still lower. Some market watchers interpreted such reaction as disappointment that additional sales were not announced. However, more are expected within the next few days, and the fact that just a single sale, albeit a large one, was announced today is not significant. In any case, soybean futures prices were down by double-digits following the sales announcement and through the close. If there was...

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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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