Rather stable corn futures contracts at the CBOT of around $4.00 per bushel and present uncertainty about the ability to export are causing corn basis to weaken in Argentina. Soybeans Brazilian weather has been less than ideal in the northern parts of the country, but it still seems certain that the soybean crop will be larger than last season's total of approximately 86 MMT. Present estimates are that Brazil will produce 92-95 MMT of soybeans, 6-9 MMT more than last season. Eventually, there will be price ramifications, particularly since the sales pace of Brazilian farmers has been lagging.Farmer selling by the end of January reached 33 percent, well below the 49 percent of last season. The slow farmer selling caused the Paranagua paper...
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.