It seems that there is a greater-than-usual fascination with the question of what the 2016 U.S. corn and soybean yields will ultimately turn out to be, which can be attributed to a number of factors.USDA’s first real estimates of average U.S. corn and soybean yields in the August WASDE were seen as surprising, to say the least. This was especially true of the 175.1 bushels/acre estimate for corn, which would blow away the old record of 171 bushels/acre if realized. To increase the national average yield record by 4.1 bushels would be a huge jump, particularly for a hot weather year like 2016. Perhaps it might seem less startling to look at it in terms of a percentage as 2.4 percent seems to have a more moderate cast to it.USDA’s estimated 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.