Stronger crude oil futures, fresh cash market buying, and short covering/long speculative buying all combined to lift the CBOT on Tuesday. The soy complex was the decided leader for the day, with soyoil settling 3 percent higher and soybeans posting similar gains. Corn found upside traction on declining conditions ratings while the wheat market traded both sides of unchanged. Funds were net buyers for the day and fresh fundamental news was scant. The monthly Cold Storage report from USDA showed continuing year-over-year declines in red meat and poultry stocks, which is consistent with the market’s observation of record-high Q1 and Q2 meat demand. The surprise in this month’s report came from beef stocks, which defied thei...
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.