Corn futures prices tumbled about a dime on bearish technical signals and growing stocks of ethanol that will likely lead to lower production and therefore less demand for corn from ethanol producers. General Comments The overnight session opened quietly, but trading action picked up when technically-inspired selling was uncovered. Corn futures provided the bulk of the action. When March corn fell below its 50-day moving average yesterday (Tuesday), it posted a strong technical sell signal. A portion of the large speculative long position in corn futures held by noncommercials became vulnerable. Long liquidation in corn got well underway overnight and continued during at least the first half of the day session. By some counts, funds sold...
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.