With the fall harvests essentially completed and something of a hiatus in fresh inputs from USDA until 12 January when it releases final production estimates, we find ourselves starting to wonder how, why and when the next fundamentally-driven bull market might occur.We suppose that bear markets and bull markets in grains have a number of things in common, but the most basic commonality is that they both inevitably come to an end of their own making – the old rule about the best cure for high/low prices is high/low prices. A classic example of this was seen when the multi-year bull market that began in mid-2010 came to a crashing stop. The precise end of the latest bull market varies by grain, and the timing is subject to some debate. We wo...
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.