USDA will release its July WASDE numbers at 12 PM (EDT) tomorrow. That also gave us some choppy trade today, but volume was very good in corn and soybeans and relatively light in wheat. General Comments Markets actually traded higher overnight for what seemed like the first time in weeks. The November soybean contract even traded double-digit gains early this morning. Corn was up 3-4 cents and wheat was 4-6 cents higher. These markets have been so beaten down that the overnight buying was probably just profit taking ahead of tomorrow's USDA reports. That profit taking buying dried up after this morning's opening, and we eventually saw another round of selling as the session wore on.World currency and financial markets were under pressure...
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.