The market was called higher except for soymeal and that was the start to the day, but it only took a few minutes before it turned much more decidedly mixed. Another very large flash sale of corn to China got everything fast out of the gate but the enthusiasm eventually evaporated even for corn, which set another intra-session high but then closed just a fraction in the green. Even for those markets that slid downward today, it is not a bear market. Overall demand, large volumes, and record export values means a healthy market, even if somedays are down. Selling the tops and buying the bottoms is what happens. The trend is evidenced by the CME’s continual raising of maintenance margin levels. NYU’s Aswath Damodaran unpack...
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.