Funds appeared to have covered what they want to of their short positions in the grains complex, which left corn, soybeans and wheat to drift lower into the close today. The hog market, however, was apparently optimistic about a trade war resolution and jumped to near-limit gains. Clearly, much of the trade is still hoping for a trade war resolution from the pending G20 meetings, but whether that happens is simply unpredictable. The weekly Export Sales report was bearish wheat and neutral/bearish soybeans while retaining a slightly bullish feel for corn. Sales have slowed in recent weeks as foreign currencies fall against the U.S. dollar. For corn, the presence of Ukraine’s corn crop on the world market is an added competitive...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.