All was well until a weak export sales report and improved prospects for South American rains triggered a get out quick mentality. Soybeans had edged up to a new contract high and then it was sell stops and profit taking. Soybean longs had a restless morning with corn and soybean traders feeling fortunate that it was not any worse. When all was said and done, it took large volumes of trades before losses were pared in half. The day left some things to think about. South American crops are beginning to come on-line and while they will take time to get to volumes, Chinese buyers will seek to be patient and save a lot of money. This does not change the underlying fundamentals, but it does evidence market changes that threaten the bull. ...
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.