The CBOT saw corn and soybeans break lower overnight and extend that weakness in the day session with poor export sales data and favorable South American rains offering ample pressure. Corn futures scored a new contract low and are barley above three-year lows right now while the soybean market plunged to its lowest close since June 2023. Wheat futures managed to survive the bearishness of corn and soybeans to end slightly higher due to the cold snap expected for the U.S. Midwest next week. Funds were net sellers in corn and wheat and were essentially flat or slight net buyers in wheat. Pre-WASDE positioning has yet to kick in for the markets, but next week’s trade will likely see such trading start to constrain daily trading ranges...
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.