GOOD MORNING, Prices opened lower and continued the sell-off driven by soyoil's sharply lower price action, as talk circulates that the Biden administration might offer biofuel waivers to refiners and palm oil closed sharply lower once again. The Chinese Ag Minister lowered bean estimates of domestic bean use and imports from 102 mmt to 100 mmt. China's Ag Minister stated that they could reduce corn feed to 286 mmt vs. 293 mmt prev and 278 mmt last year due to alternative feeds. Funds are long, and these items along with lower world veg oil prices and broken lines of technical support finds prices lower again today. The June 30 report looms large, and prices are attempting to adjust and find ranges int...
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.