Relatively Few Significant Changes for Soy in USDA WASDE Report Some expected the June monthly WASDE update released today to make substantial changes to the supply and demand data for soybeans and soy products. However, the report instead made relatively few significant changes to the soy data and the ones that were made were largely expected. USDA made two changes in the report for the soy sector in the U.S. First, it reduced its forecast for the U.S. soybean crush volume in 2020/21 by 15 million bushels from 2.19 billion bushels to 2.175 billion bushels. That resulted in it raising its forecast for U.S. soybean ending stocks in 2020/21 by 15 million bushels to 135 million bushels. That helps to better cushion the soybean market from in...
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.