The world has been happily assuming that Brazil will crush last year’s soybean production estimate in 2019. More acres were sown, and they were planted 10-20 days earlier than normal. Early conditions were very good. In addition to talking about a record crop, many in the trade have discussed how it would be available to world markets by mid-January. Record-large U.S. and world soybean supplies coupled with another record crop in Brazil must be bearish. Throw in the China/U.S. trade problem and it gets even more bearish. This has been the subject of recent WPI analysis. Conditions have changed in Brazil, though. It has been extremely hot and dry over most of the major production regions for 15-20-days. There has recently been some 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.