Today’s USDA reports were bearish at first glance. However, the picture for soybeans looks much more bullish when factoring record demand against reduced old crop ending supplies.Today’s USDA reports were bearish at first glance. They pegged U.S. corn and soybean yields at new record-high levels. U.S. corn production is now projected to exceed 15 billion bushels (385 MMT) and U.S. soybean production is forecast to reach over 4 billion bushels (110 MMT). The table below shows today’s and July’s numbers versus last year’s: Corn Today’s corn yield exceeded even the most optimistic pre-report estimates. USDA indicated that corn ear weights were record-high. This leaves open the possibility of another yield increase going forward. 2016/17 U.S...
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.