Yesterday’s big soybean rally was sponsored by a press report indicating the possibility that the U.S. and China might resume a formal discussion on the current trade conflict. Overnight price action suggested that the rally was overdone as soybean futures gave back more than one-third of the gains. Corn futures hung around unchanged, but wheat futures prices moved still higher as they followed Paris wheat futures and rising world wheat prices. During the day session, the soybean market continued to whittle away more of yesterday’s gains. At the close, soybeans were down 16.75-17.25 cents, taking away about 60 percent of yesterday’s rally. Instead of confirmation that trade officials for both sides would meet to resolve i...
Key Takeaways: The U.S. herd is stabilizing, but growth remains modest. Total goat inventory rose 1 percent in 2026, while meat-goat numbers increased 2 percent, which is not enough to materially reduce import dependence. Domestic slaughter is rising from a low base. Commercial slaughter incre...
What You Need to Know: U.S. fertilizer production is highly concentrated, but concentration alone does not establish that producers are operating as a cartel. Imports introduce competition unevenly: they supply nearly all U.S. potash consumption but play much smaller roles in domestic ammonia...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
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.