General Comments Starting with overnight trade, it was a rally day for grain and soybean futures with prices reaching impressive gains at their peak. CME wheat was up 11 cents, and KC wheat was 12 cents up at one point. Session highs for corn and soybeans were up 8 cents and 12 cents, respectively. Soymeal was up $9 at its high. Given the absence of something big in the way of news or any changes of note, such a rally during the harvest of a large soybean crop and a record corn crop deserves attention. It would perhaps deserve more attention had prices been able to hold near those highs at the close, but grain and soy futures contracts gave back at least half of their peak gains by the close. Still, with the exception of soyoil, the en...
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.