GOOD MORNING, Prices are higher as more reports of a devastated wheat crop in North Dakota roll in. Extreme heat in the Northern Plains and in the Midwest will cause serious damage to crops already stressed. The tour estimated yields at a woefully low 24.6 bps on the second day of the 3-day Wheat Quality Council tour, vs. 40.8 bpa in 2019, and vs. the 5-year average of 42.4 bps. The drought extends into South Dakota, Montana, and portions of Canada. Matif wheat futures traded to a 2-month high. The other feature of the morning continues to be that of higher oilshare. There are more reports circulating now about African Swine Fever confirmed in Dominican Republic pigs, which is the first sign of th...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
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.