General Comments Cliché though it may be, the word that best describes today's grain and soy futures market is quiet. Trading ranges are small with only 4 cents for December corn, and volume is light. There is nothing new to spark trade, and the things on which markets have been trading have gotten old and shopworn.There is an old futures market truism to the effect that small crops create big futures volume, and that has certainly been demonstrated in recent years. The corollary is that big crops dampen futures volume, and we are beginning to see signs of that now. These old truisms have been given added relevance by the increased participation of non-commercial traders, especially since the mid-2000s. Those non-commercials in t...
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.