USDA’s projection for U.S. soybeans is for 2023/24 ending stocks of 350 million bushels, up 15 million from 2022/23. Global 2023/24 ending stocks are increased 0.8 million tons to 123.3 million with higher stocks for the United States, Brazil, and the EU being partly offset by lower stocks for Argentina and Vietnam. The weighted average U.S. farm price of soybeans in 2023/34 is projected to be $12.10 per bushel, down from $14.20 in 2022/23. The simple average price of soymeal, 48 percent protein in Decatur Il., is projected to be $365 per U.S. short-ton, down from $445 in 2022/23. The simple average price of crude soybean oil in Decatur Il., is projected to be 58 cents per pound, down from 64 cents 2022/23...
There are plenty of major headlines moving across the markets today, but the reaction beneath them remains cautious. Crude oil is holding steady despite reports of progress involving the Strait of Hormuz, corn and soybeans remain tied to changing weather forecasts, and wheat continues to weigh...
Key Takeaways: Sugarcane is the world’s largest crop by total production volume, surpassing major commodities such as corn, wheat, and soybeans, and supplies roughly 80 percent of global sugar production. Sugarcane’s perennial growth cycle allows farmers to harvest multiple crops f...
Russian Grain Markets: 27–31 July 2026 Russian grain prices declined sharply during the week under review as new-crop supplies entered the market and demand weakened. Corn and barley prices declined, while both milling and feed wheat and rye experienced larger losses. The harvest campaign...
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.