Today's early trade saw wheat prices firm, while corn and the complex traded mostly with red numbers. Volume was fairly active for a pre-long weekend session. General Comments Today was the last trading session of the week for grain and soy futures. Tomorrow, Good Friday is a market holiday. Trading will resume with the Sunday night session.Today's early trade saw wheat prices firm, while corn and the complex traded mostly with red numbers. Volume was fairly active for a pre-long weekend session. The feature of the early soybean trade was the unwinding of old crop/new crop bull spreads. The rapid widening of the July/November inverse in recent days has made those bull spreads quite profitable, and holders of them decided to cash in ahead...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
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.