General Comments Overnight trade saw more short covering and mostly firmer prices in response to what were seen as unfavorable weather forecasts – no break in the heat until the weekend and limited rain chances. During the day session, grain and soy prices once again traded both sides. The midday weather model added more rain to its outlook for next week, but it limited the coverage to northern and eastern portions of the Corn Belt which would miss some of the driest areas. By today's close, soybeans and corn had diverged with soybeans closing higher except for the September contract. Corn finished down a few cents. The current weather conditions are seen as less threatening for corn than soybeans. Trading volume was down noticea...
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.