A sixth straight day of daily “flash” export sales announcements from USDA sent CBOT corn and soybean futures higher with funds covering shorts and commercials positioning bullishly too. The export demand for corn caught the market by surprise and has created the current rally, while the seasonal influx of soybean sales has offered more mild support. Soybeans need to see strong exports during the October-FH January period before the Brazilian crop becomes available, so the current export pace is more meeting expectations than exceeding them. That has kept soybeans’ gains a little more muted than corn, though the former market posted its third straight daily gain on Wednesday. Wheat futures were mixed with rains forecast for the HRW growing...
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.