The Market Nearing two and a half months of selling by speculators, this week marked fresh lows in the soybean sector. Net shorts are approaching the record volume they hit in April 2019. There were new contract lows in all soybean positions and new contract lows for March soymeal and soyoil. Good weather in South America and prices out of Brazil so low that the U.S. may be buying their soybeans despite an overhang of domestic supplies. The U.S. subsidy for biodiesel is distortive as it incentivizes domestic crush at the expense of soybean exports. For the week, March soybeans settled at 1143.75/bushel for a 2.4 percent decline. March soymeal lost 4.3 percent, ending at 330.6/ST. And March soyoil is valued at 44.56, a 2.2 percent loss.&nbs...
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.