The market felt like wheat again became the short leg of the corn and soybean markets. If you don't trust a rally, you sell something else against it. General Comments Markets were weak overnight in anticipation of a bearish series of USDA reports. That weakness accelerated and trading volume was extremely light ahead of the 12 PM reports, pushing corn and wheat down more than 15 cents and soybeans down more than a dime. The USDA reports (detailed in a separate analysis) were obviously much more positive than expected, and markets staged major reversals that held through the close and came on very large trading volume following the reports' release.In brief, the 1 March corn stocks number and the corn planting intentions estimate were bot...
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.