The CBOT opened weaker overnight and continued that trend into the morning with significant selling in September futures as traders exit before first notice day tomorrow. Multiple CBOT markets are testing major technical support levels, which should be a significant concern for bulls and longs. Notably, corn, soybeans, and wheat are all threatening to post significantly bearish technical events, which could spark widespread liquidation/selling at the CBOT. Hurricane Ida hit the Gulf Coast Sunday afternoon and knocked out power to New Orleans, Louisiana and the surrounding areas. Ida has been downgraded to a tropical storm and is now slowly turning northeast and is expected to travel along the Ohio River valley until it exits over the Atlan...
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.