The market viewed USDA's soybean acreage projection as bullish. The corn acreage number was not a real surprise. Corn futures gained about 6 cents, mostly under the influence of soybeans. General Comments At the Outlook Forum this morning, USDA projected that 2015 corn plantings would be 89 million acres with soybean acreage at 83.5 million acres. It will flesh out its (very) preliminary supply/demand numbers on Friday. The soybean acreage number was lower than anticipated with the corn number at the high end of expectations. All wheat acreage is called 55.5 million acres, down 1.3 million from last year's final number. Total acreage for the eight major field crops was put at 254.6 million, down 3.3 million from last year.The market was s...
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.