Because of current conditons, both Kansas City and Chicago wheat contracts will take price directions from corn contracts for a while longer as it is presently premature for them to assume an upward leadership role.Prices move higher in commodities when market conditions are such that the majority of traders buy either because they expect even higher prices or those holding short positions are forced to exit by purchasing back their contracts. In the short run, neither of those conditions seems to exist at current price levels for corn, wheat or soybeans. Therefore, a limited selloff is expected in the grains and soy complex that could last for a few weeks right into the first of August.The U.S. corn crop is poised to go into pollination wi...
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.