Wheat The old crop wheat market remained quiet last week. On the sell-side, the government’s allowed export quota seems to be practically committed and is preventing additional sales. The little volume available is in the hands of some of the ABCDs that will most likely end up selling it directly at destination (i.e., Brazil). The only offer available this week was 11.5 protein out of Bahia Blanca at $385/MT, but that price has not elicited any reaction from the market. The wheat supply and demand situation in Argentina is very tight and local mills are finding it hard to get wheat. Obtaining high quality wheat is even more difficult, and therefore WPI does not expect any increase in the old crop wheat export quota. As...
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.