GOOD MORNING, Prices were higher across the board, but after the export sales report a round of profit-taking pushed most into the red for a reversal close. Soyoil was the exception, but tumbled 90 pts from its new contract high. Meal prices remain rangebound, but soyoil and beans are posting new contract highs, along with December corn. New money inflows are noted as funds now extend length on the back of positive technical signals. US values follow higher world prices, with China's Dalian beans, soyoil, and corn closing better. Today is first position day, with first notice day on Friday. As of now there are no corn receipts registered, 49 SRW, 91 HRW, 169 beans, 175 meal, and 1,273 soyoil. ...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.