USDA's soybean acreage estimate blew the market away, coming in nearly 3 million acres above the March estimate. Corn stocks were 100 million bushels above the average trade guess and helped push the corn market to 20-cent plus losses into the close. General Comments Corn and wheat markets were weak ahead of this morning's USDA reports, while the soy complex rallied into the reports after trading lower overnight. Whatever other news was around the markets became meaningless at 12 PM (EDT) when the USDA releases were extremely bearish for soybeans, slightly bearish for corn and neutral for wheat. The soybean acreage estimate blew the market away, coming in nearly 3 million acres above the March estimate. The 1 June stocks number was also l...
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.