Weather remains the primary driver of the major CBOT markets and Friday’s shift in the forecasts to feature more Corn Belt rains in the next two weeks sent futures lower. Corn and soybeans were the downside leaders as a combination of improved weather forecasts, profit taking, and hedge selling pressured values. Funds led the charge lower, but WPI sources note that farmer selling has picked up substantially in the last few days as values have rallied. WPI hears that many producers didn’t have any grain sold earlier this month and were wondering how to make money amid forecasts of sub-$5 corn and sub-$11 soybeans. Now, producers are taking advantage of the rallies to market at least some of the crop that will be produced, leading...
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.