Big crops and low prices have been a fact of market life for so long that it is worth pointing out something of a change in the early weeks of 2017.Beginning with 2013/14, the U.S. and the rest of the world have enjoyed four years of generally favorable weather for field crops as farmers produced huge, often record-large volumes of wheat, corn and soybeans. All of this culminated for U.S. farmers with the massive corn and soybean crops harvested in 2016, a year when the country’s yield records were set for all three crops. World demand also expanded at a record pace during this same four-year period, although it did not keep up with the growth in production. The result is that world stocks have risen to record levels. While not setting reco...
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.