With drought, a late July heat wave, and escalation of the war Ukraine, risk premiums are being priced into the markets – and dairy was no exception. Yesterday the Class III Milk futures traded limit up on August, September, October, and November. The Class IV followed in the draft of the Class II jetstream. Today, those contracts traded on expanded limits given yesterday’s session, but the July Class III contract was up a penny and August and September gave back 9 and 49 cents respectively. Spot markets have also rallied, for block and barrel cheese, butter, whey, and powder. Last week, ice cream makers were pulling cream away from butter makers and heat in the central and western parts of the country has been impa...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.