The market movers this week included primarily the chances for moderate to abundant rainfall in Argentina, macro concerns about economic growth, and the impending switch to South American dominance in the export market. Soybeans will be the main beneficiary of rainfall in Argentina as it will be too late for nearly half the corn crop. Soybeans are now in a downtrend as South American production heads toward harvest. March soybeans lost ground three out of the four trading days this week, showing a cumulative decline of 21.25 cents and is now valued at 1506.5/bushel. That knocked it below prior support at 1508, which now moves that floor to 1462/bushel. March soymeal hit a contract high of 487/ST on 18 January but closed out the week...
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.