GOOD MORNING, Prices are mixed this AM with gaps filled in beans and still waiting in corn as the markets find some profit-taking heading into the September 11 WASDE. Analysts will begin to put out estimates for yield and production in front of the report. One firm is already out with their guess, with corn at 179.6 bpa and production at 15.085 bln bu. Their bean guess is 52.9 bpa with production at 4.388 bln bu. As a reminder, USDA was at 181.8 bpa for corn and 53.3 bpa for beans. The crop progress report was neutral with crop conditions not declining as much as feared. Beans broke hard after the numbers were released. WEATHER Rains still favored in the eastern Corn Belt, with good rains...
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.