General Comments Markets continue to react to yesterday's USDA quarterly stocks and final small grains reports. Long liquidation by non-commercial soybean longs is still driving soy complex prices lower. Fresh short selling in corn pushed corn futures prices to the lowest level in nearly two years. Meanwhile, the wheat market remains a pillar of strength, relatively speaking. CME December wheat closed higher for the sixth time in the last seven trading days, and KC December made it seven for seven in terms of higher closes. Besides, from the bearish tone of yesterday's reports for corn and soybeans, market chatter about reports of better than expected yields for both is making the rounds. We think it is too soon to be drawing conclusio...
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.