The long awaited August WASDE has come and gone. Even though USDA's surveys confirmed huge yield and production losses for corn and soybeans that exceeded average trade expectations, there seemed to be something of an emotional letdown following the report. There was the lengthy drought, the obvious deterioration of summer row crops, grain and soy futures prices driven sharply higher by drought fears, and the long run-up to the report. Then finally when the report confirmed that the crops are as bad or worse than thought, it seemed to suck the air out of the market. The post-report rally in corn quickly fell victim to profit-taking by funds and professional traders. Market traders apparently were more surprised by USDA's cut in soybean yi...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.