The CBOT turned higher to start the week with short covering on deeply oversold technical conditions and a dry 10-day weather forecast for the central and eastern Corn Belt offering support. Soybeans led the move higher overnight and posted strong gains during the day session with corn following on the heels of a strong export inspections report. Wheat was the laggard for the day but managed to post its first daily gain in three days with most of the buying interest coming from short-covering trades. For the spring crops, the day’s price action was a welcome relief from last week’s steep selloff, but it does little to alter the long-term bearish outlook for the grain and oilseed markets. WPI looks for firmer trade this week, but...
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.