Non-Russia fundamentals were finally at the forefront of the CBOT on Tuesday with corn and soybean futures rallying on strong commercial demand and bull spreading. Wheat futures pulled back and posted 20-cent losses as Russia and Turkey prepare for what most (including WPI) expect to be unfruitful talks tomorrow regarding grain exports from Ukraine. Wheat was the sell-leg of corn/wheat and soybeans/wheat spreads and bull soymeal/soyoil spreading was also a theme of the day. The day’s bullishness in corn and soybeans was somewhat of a surprise given Monday’s Crop Progress report that showed, except for North Dakota, strong planting progress and favorable crop conditions. The bottom-line markets to which markets are continually re...
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.