Friday’s trade was less about grain market fundamentals than it was “risk off” trade from a meltdown in financial and energy markets. The U.S. dollar rose 160 bps for the day, which pressured grain futures from an export competitiveness standpoint and corn, wheat, and soybeans all posted 1.7-3 percent losses. Neither corn nor wheat nor soybeans broke their major technical support or resistance planes, however, which suggests next week’s trade will likely see a return to trading based on grain market fundamentals. The weekly CFTC report showed funds expanding their long positions in soyoil, soymeal, and corn while covering another 4,500 contracts in their short SRW wheat position. Funds were net sellers of soyb...
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.