The market traded today on a little bit of what it knows, and a little bit on what it speculates to be happening. Since it is hard to believe that weeks of high heat and low moisture in the western periphery of the U.S. production belt will not have the same impact it had on crops earlier this year in Brazil, private forecasters putting lower output numbers in ink hold credence. By contrast, USDA is conservative and is unlikely to kill the crop in early August. The market adds up suboptimal crops in the U.S., falling yields in Russia, quality concerns in Europe, and logistics hurdles in South America all running headlong into good global demand. But most of this is not new and so trading volume was light overnight and similar today e...
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.