It was Turnaround Tuesday for the corn and soy complex futures markets as prices rebounded from yesterday's sinking spell. The turnaround began during the overnight session and continued during the day session as well. However, we would not describe today's rebound as a vigorous one. General Comments May futures contracts expire Wednesday with little fanfare expected. At Monday's close, the remaining open interest were 379 contracts of CME wheat, 1,938 contracts of May corn, 596 contracts of May soybeans and 448 contracts of May soymeal.It was Turnaround Tuesday for the corn and soy complex futures markets as prices rebounded from yesterday's sinking spell. The turnaround began during the overnight session, and it continued during the day...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
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...
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.