It is worthwhile noting that index funds are reportedly still holding about 300,000 long corn contracts. Corn condition ratings were unchanged in today's report. 56 percent of the crop is now pollinating. General Comments The daily grind of lower prices on good weather and increasing crop production estimates continued last night and today. Weather forecasts show no long-lasting or significant heat, and what heat there is will stay confined to the western third of the U.S. Temperatures across the eastern Corn Belt are forecast to be below normal with still nothing to suggest prices have bottomed. There is a great amount of uncertainty across the Black Sea region, although that was not a market factor today.U.S. financial markets were shar...
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.