USDA will release two important reports on Friday morning, 29 June. The first is the quarterly stock estimate and the second is the revised planted acreage estimates. The following charts show what the trade is looking for. Corn If there were a surprise in these quarterly stocks numbers, it would likely be in corn. The past three (maybe more) quarterly stocks numbers have swayed back and forth by approximately 200 million bushels from where the average trade estimates were. This isn't a big problem in years of big supplies; however, it could be a huge problem this Friday if the stocks number sways back towards the low end of estimates. A 1 June corn stocks number of 3 billion bushels or less would be bullish. In fact, based on what appe...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.