Markets opened weak again Sunday evening. Corn and soybeans were down 3-4 cents and 8-9 cents, respectively. Meanwhile, wheat was 3 cents lower in KC while down 1-2 cents in Chicago and Minneapolis. The lower prices reflected the lack of any apparent progress in U.S.-China trade talks last Friday with no resumption scheduled, although both sides said the negotiations will continue. World equity markets were also very weak Sunday evening, and U.S. equity futures were down 1-2 percent. In addition, China announced its intentions to raise tariffs in retaliation to the U.S. increases indicated by President Trump. The markets were also still struggling under the weight of last Friday’s bearish USDA supply/demand estimates of higher ending...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...
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.