Grain markets were higher amid a lack of farmer selling and forecasts of obnoxiously heavy Midwest rains. Corn and wheat were higher while soybeans found some pressure from continued trade war worries. Cattle futures found selling pressure early in the day but more prominent buying interest in the afternoon. The hog market continues to be driven by highly unusual spread trades that are keeping December futures at a sharp discount to October and February contracts. The USDA’s Export Sales report was bullish corn, bearish wheat, and somewhere in between for soybeans. YTD corn exports are up 50 percent from last year while wheat exports lag last year’s pace by 31 percent. YTD soybean shipments are down 23 percent, but this w...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.