The CBOT opened higher in an attempt to stabilize after succumbing to pressure from negative political news, technical weakness, and improving weather/supply prospects for U.S. crops. That strength was short-lived, however, as funds returned as net sellers and pushed markets below key support levels. The market is increasingly focused on the 30 June acreage report that is expected to increase planted area for corn and soybeans. Kansas City wheat led the grains lower, but corn managed to find support near mid-day and the July contract finished higher for the day. The soy complex remains weak, but signs of support are beginning to show. Outside markets were mostly weaker with inflation expectations increasingly on investors’ and...
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.