We are still quite a way from harvesting the 2013 U.S. corn and soybean crops, but if the early private crop production estimates are anyplace close to the final numbers, we could start to see a lasting price divergence between the corn and soybean markets. By lasting, we mean through the coming marketing year. Last Friday, FC Stone showed a smaller soybean crop than the July USDA estimate and today Informa's soybean production estimate was smaller than FC Stone. We pointed out last Friday the potential significance of a less than record U.S. soybean yield. It could mean that instead of more than doubling U.S. soybean ending supplies in the next marketing year we, in fact, have another year of very tight U.S. supplies.No one, on the other...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.