The MarketU.S. soybean exports have been impressive, but funds continue to focus on South American rains. For the week to date, November soybean futures are higher but cannot maintain a close back up over $10/bushel. They are challenging resistance but remain below the 50-day MA at 1007.25/bushel. Funds maintain open interest in puts, indicating a push higher is unlikely. 10242024oilseeds_beans.png 1.04 MBSoymeal exports sales last week were the lowest in over two months. This put a damper on futures today as the December contract continues to trend lower. 10242024oilseeds_meal.png 999.83 KBBy contrast, this week has been very bullish vegetable oil. Although palm oil closed lower today, it has been leading the segment higher for several day...
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.