White wheat is being heavily purchased by China, but not for its usual purpose. The U.S. has five major wheat classes. Hard Red Winter (HRW) is the largest by production and has high protein and strong gluten. Durum has the lowest production but is also a high gluten product. Two-thirds of wheat futures contracts are traded in Soft Red Winter even though it is a relatively minor wheat class. It serves as a proxy for overall wheat. Soft white, or white wheat is predominantly grown in the U.S. Pacific Northwest and has two sub-classes plus two different growing seasons, both winter and spring varieties. It is heavily used in Asian-style noodles, and bakery products like sponge cakes and pastries. But China has been buying larger amount...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.