Corn futures prices closed slightly higher in what was for the most part directionless, low volume trading, and wheat put in a rare performance as the market leader today with KC March closing up 5.75 cents. General Comments This is a short trading week between two (three-day) holiday weekends. CME markets will close at the regular time on 30 December and reopen 2 January at 7:00 p.m. (CST). In addition, the weekly export sales report is delayed until tomorrow.Overnight trade was very light, but there was enough buying to keep grain and soy prices mildly green. Volume remained light during the day session as prices traded both sides of yesterday’s closes in rather indecisive fashion. Corn futures managed just a 3.5 cent trading range befo...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.