The midterm election has come and gone with the results about as predicted – a Democratic House and a Republican Senate. This will give the chattering classes (and President Trump) plenty to talk about, but the reaction of financial markets today belies a doom-and-gloom outlook. Grain and soy markets were largely unaffected by anticipation of the election and show little/no affect from its results. They remain much more interested in Thursday’s November WASDE from USDA. Pre-report expectations are generally for modest changes in the U.S. supply/demand estimates - a small decrease in corn production and stocks, almost no change in soybean production but a small increase in stocks, and hardly any changes for wheat. As everyone kno...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...
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.