The fundamental soybean supply/demand outlook has fallen into a classic tug-of-war between competing bullish and bearish factors, which makes forecasting the coming price action in the soybean futures market a highly risky proposition – even more so than usual. On the bullish side, there is the impact of the Argentine drought on that country’s soybean crop. USDA estimated that production at 47 MMT in the March WASDE, far below the 57.8 MMT in 2016/17. Private estimates have now fallen to 40 MMT or less, and USDA will certainly sharply cut its next projection in the 10 April WASDE. The small Argentine crop will have a major effect on trade flows of soymeal and soyoil as well as soybeans. Adding more bullish fuel is the USDA/NASS...
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.