The CBOT finished on a high note heading into the February WASDE – a report that could be a turning point for the 2020/21 crop year. Corn and soyoil futures posted fresh contract highs (alongside live cattle and lean hogs) while the corn rally pulled wheat and soybeans higher as well. KC wheat futures posted a technically bullish day on heavy trading volume as cold weather in the U.S. is causing production risk concerns. The Goldman roll is ongoing as funds roll March contracts into May futures, which is helping inflate trading volumes and influence spreads. Funds are thought to have bought some 12,000 contracts of corn on Monday, along with 8,000 contracts of wheat and 10,000 contracts of soybeans. As noted on Friday, most ana...
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.