The CBOT was mostly higher to end the week with wheat leading the way once again. Corn futures settled cautiously higher with ample position evening with the August WASDE coming up next week. Soybeans and soyoil were higher on rumors of Chinese buying and rising Brazilian export prices. A weekend weather forecast that includes rains for the Midwest capped rallies, however, with the wetter, cooler near-term weather pattern likely to aid soybean yield potential. The index fund roll is underway, which is pressuring September/December futures spreads as fund managers roll out of September positions into December futures. Any spread weakness should be limited and short-lived, however, given China’s likelihood of rapidly increasing i...
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.