Noncommercial traders still retain a net long of about 244,000 contracts as of 13 January. This is a huge long position, given that the fundamental outlook for the corn futures market for the balance of 2014/15 appears to be slightly to moderately bearish.USDA's January reports (released last week) provided some mixed messages for the corn market. For corn market bulls, the U.S. corn yield was surprisingly cut 2.4 bushels/acre. With harvested acreage unchanged, that revision reduced production by 191 million bushels from the previous estimate. After various demand adjustments, USDA lowered the estimated 2014/15 carryout to 1.877 billion bushels, down 121 million from its prior forecast.For corn market bears, the 1 December corn stocks repor...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.