One feature during July has been the consistency of USDA’s weekly crop condition ratings for corn and soybeans. There is already considerable discussion about how those will translate into USDA’s first survey-based yield estimates.Insofar as crop-related weather is concerned, it has been a strange summer in the central U.S, the heart of corn and soybean production. In terms of temperatures, June and July have been among the hottest months on record. Looking at just that, the 2016 U.S. corn and soybean crops would appear to be in serious trouble. Indeed, this was the conclusion many observers reached during the second-half of June, which led noncommercial funds to add to huge speculative long positions in corn and soybeans futures contracts...
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.