THE OPEN May beans: 2 1/2 higher May meal: 1.20 higher May soyoil: 5 higher May corn: 5 higher May wheat: 5 1/2 higher Prices opened as expected with the start involving a rally followed by choppier trade from the soy complex. Buy grains/sell the soy complex trade emerged as a major trend after the open. Leaking spreads and end-of-month profit-taking led prices lower. March liquidation ahead of first notice day on Feb. 26 continues to provide market pressure. At 10:00, export inspections were released as follows: corn: 1,231,810 mt vs. 1,314,960 mt week ago (vs. an expected 950,000 tmt) wheat: 324.597 mt vs. 418,816 mt week ago (vs. an expected 425,00 mt) beans: 721...
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.