U.S. flour exports were down slightly for the first quarter of the year, but that is generally par for the industry. Turkey produces one-third the volume of wheat as the U.S. but exports three times the volume of flour. Some suspect subsidies are a determinant of this outcome. Of course, a large portion of U.S. flour exports are via food aid, a form of subsidy. The U.S. was a major exporter of wheat flour in the aftermath of WWII, but many recipient countries realized that flour mills were an affordable way to create value-added jobs and began building their own capacity. U.S. flour exports have stabilized but with increased attention to cash in lieu of commodities in international food aid, the trade may face further contraction. This mea...
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.