Volume picked up somewhat during the day session in which corn prices ground lower, wheat gave up its overnight gains to join corn in the red and soybeans inched higher to post small gains. Funds supported soybeans and soymeal, but sold the grains. General Comments USDA's weekly export sales report is delayed until Friday morning due to the holiday last Monday. It is expected to be unremarkable.Trading volume in the overnight seemed to slow below recent levels, perhaps indicating that traders did not have much to accomplish with the month's end approaching, but still a month to go before deliveries against July contracts. Soybeans and wheat traded slightly higher, while corn prices slipped lower.Non-commercial long positions in corn and w...
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.