The CBOT saw pressure for the second straight day with a four-day rebound in the U.S. dollar working against grain values. While the rising greenback pressured all markets, wheat was the only major ag market to end lower as the stronger currency highlights the export threat from Russia. Corn and soybeans managed to shake off the stronger currency and Tuesday’s plunges to new lows with support coming from a sharply higher crude oil market. Even so, corn and the soy complex could only manage small gains as pressure from favorable weather in Brazil and Argentina continues to build. Funds were net sellers in wheat for the day but were essentially flat other markets and content to hang on to large short positions. U.S. stocks contin...
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.