The CBOT was solely focused on the March WASDE report today and USDA gave the market little to trade on. Heading into the report, corn was experiencing minor liquidation while wheat futures bounced higher on short covering. Soyoil continues to be the star performer of the soy complex, rising to new highs seemingly every day. Markets were mostly quiet following the USDA’s report with the soy complex and wheat ending higher while corn posted modest losses. The CBOT is seemingly unwilling to selloff too much with the Brazilian and Argentine second corn crops under duress from drought/late planting and Chinese grain/oilseed demand at record levels. USDA left its U.S. corn, wheat, and soybeans balance sheets unchanged in the March W...
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.