Upon detecting the sharp increases in WASDE estimates of world corn and wheat production/stocks, computer trading programs launched sell orders that quickly sent futures prices tumbling (also noted in today’s separate analysis). Wheat futures prices fell 8-10 cents, soybean prices dropped 15-16 cents, and corn was quickly down about 6 cents. The higher world supplies of corn and wheat were due almost entirely to increases in annual Chinese corn and wheat production/stocks estimates dating back to 2007. Cumulatively, these revisions led to very large increases in USDA’s November estimates of Chinese and thus world ending stocks from its estimates of just a month ago. Undoubtedly, these statistical increases catch the eye or the a...
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.