Regional News Last week, the International Grains Council (IGC) pegged the 2020/21 world grain production forecast at 2,224 MMT, up 9 MMT from the prior estimates. The IGC also pegged 2021/22 production at 2,287 MMT - a record high that is 63 MMT above the current year’s forecast. Of the IGC’s world grain production figure, the 2021/22 wheat was forecast at 790 MT, up 16 MMT year-over-year (YoY). Global corn production was estimated at 1,193 MMT, up 54 MMT YoY while soybean production was forecast at 383 MMT, up 22.5 MMT YoY. Ukraine’s Deputy Minister for Development of Economy, Trade, and Agriculture indicated the country is interested in developing closer cooperation and economic ties with China. Far...
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.