Grain and soy markets were modestly higher overnight ahead of USDA's weekly export sales report and the National Oilseed Processor Association's (NOPA's) December crush report. However, early selling in the day session sent prices back into the red again. General Comments To the surprise of currency markets, the Swiss National Bank (SNB) announced it was ceasing efforts to hold the Swiss franc at 1.20 euros, a tie that had been in place for over three years. The SNB had been a frequent buyer of euros in this regard. Following the announcement, the euro dropped against the Swiss franc and the U.S. dollar. This helped push the U.S. Dollar Index back up near its recent highs. In the event that an asset-buying program is soon launched by the...
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.