Wheat: Net sales of 187,600 metric tons were reported for delivery in marketing year 2019/2020. The primary destinations were Algeria (59,900 MT, including 60,000 MT switched from unknown destinations and decreases of 100 MT), Yemen (58,400 MT), Japan (38,700 MT), Mexico (31,600 MT, including decreases of 20,600 MT), and Guatemala (30,700 MT, switched from unknown destinations). Reductions were reported for unknown destinations (83,900 MT), Indonesia (65,500 MT), and South Korea (6,500 MT). Exports of 431,000 MT were primarily to Indonesia (84,500 MT), the Philippines (65,900 MT), Mexico (61,100 MT), Iraq (52,500 MT), and Vietnam (43,000 MT). Corn: Net sales of 38,400 MT for 2018/2019...
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.