Chicago underwent some serious adjustments ahead of tomorrow's market influencing USDA reports. Based on the accuracy of Reuters’ survey of analysts ahead of the 31 March release of Planting Intentions reports and the 1 March quarterly stocks reports, farmers tend to plant fewer acres of corn than expected, but corn carryover stocks are larger than anticipated. On average the differences are not great but in any single year the misestimates can be significant. This does not consider the difference between planted acres and harvested acres, which can be large or small depending upon growing season weather conditions. While USDA surveys farmers for crop planting intentions, conditions change between early March when the survey is...
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.