U.S. wheat fundamentals have been improving quickly over the past several months, although this wouldn’t be apparent by looking at prices. Some of the key changes in the wheat market involve the outlook for crops in key wheat-producing countries. Russia’s wheat crop will be at least 20 MMT (74 million bushels) below last year’s record because of weather problems. Some analysts are talking about an even greater reduction based on disappointing early harvest yield reports. They are now questioning quality because of heavy rains on a mature crop. Russia’s ability to export a large volume of cheap wheat will not exist this year. The EU’s wheat crop has also been getting smaller because of a hot, dry growing seaso...
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.