The CBOT was mostly lower on Tuesday with wheat futures dropping sharply after there was no official confirmation of Monday’s rumored large export sales. Funds were strong net sellers in the wheat market and some of that pressured spilled over into corn as well. Corn futures drifted lower essentially because they had nothing else to do while waiting for the coming WASDE report while soybeans rallied on strong but possibly incorrect Export Inspections data. The USDA released the export report early Tuesday, but Reuters later reported that inspections estimates for soybeans and wheat were double counting shipments. Regardless, soybeans found their way to higher ground despite another RINs-induced selloff in the soyoil market. The major...
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.