Red is the traditional color for Valentine’s Day and the CBOT seemed happy to do its part celebrating the holiday. The grain and oilseeds markets were all lower for the day with wheat giving up early gains and the cattle markets also turned lower. Of the major ag markets, only hog futures and soyoil posted gains, leaving traders staring largely at seas of red numbers. There wasn’t any one proximate cause for the day’s weakness and, rather, it was related to mild profit taking, some short selling, and a general disinterest in chasing the ongoing rallies. Funds are thought to have been slight net sellers for the day but trading volume was light and they are still heavily long corn, soybeans, and soymeal while likely now hold...
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.