General Comments Today's price action was all about the contents of USDA's WASDE report, and it was made evident that large speculative traders were ready and willing to send corn, wheat and soybean prices into predefined directions. Soybeans rocketed up almost 40 cents even though USDA's soybean yield estimate of 41.2 bushels per acre was no different than the average of the analysts' estimates. USDA's corn yield estimate of 155.3 bushels per acre was above the market average estimate of 153.9. There was some initial aggressive selling, but that lacked conviction, and before long a 15 cent sell-off had dwindled down to 6 cents. USDA forecasts slight increases in both U.S. and world wheat production, but the market did not ca...
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.