The market viewed USDA's soybean acreage projection as bullish. The corn acreage number was not a real surprise. Corn futures gained about 6 cents, mostly under the influence of soybeans. General Comments At the Outlook Forum this morning, USDA projected that 2015 corn plantings would be 89 million acres with soybean acreage at 83.5 million acres. It will flesh out its (very) preliminary supply/demand numbers on Friday. The soybean acreage number was lower than anticipated with the corn number at the high end of expectations. All wheat acreage is called 55.5 million acres, down 1.3 million from last year's final number. Total acreage for the eight major field crops was put at 254.6 million, down 3.3 million from last year.The market was s...
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.