GOOD MORNING, Prices were mostly higher overnight taking back losses from Thursday's holiday shortened session. Funds are still holding long positions across the board, and were rewarded for their patience via the bullish USDA report. Weather is not bullish, as warm and dry conditions were good for warming up soils in preparation for planting. The market continues to digest the numbers from March 31, with acreage the most bullish component for new crop. Inverses continue to head lower as old crop prices remain locked in previous ranges, while new crop corn and beans score new contract highs last week. Inverses continue to weaken as new business to China continues quiet, and Brazil beans are much more in...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
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.