General Comments After blistering heat on Monday, rain finally returned to Argentina today with scattered showers due to cover 60-70 percent of the country's crop area through Wednesday. Amounts of 0.5-1.5 inches are expected with some locally heavier amounts. After the rains clear out Thursday, dry and warm conditions are forecast to return for at least the next seven to eight days. Weather models show another chance of rain in the 11 to 15-day time frame, but that is too far out for confidence. The current rain event has been well advertized, and the market was prepared for it. Welcome as it is, one outbreak of rain will not stabilize crops nor end the drought. Longer term, no real change in the dry weather pattern is foreseen through...
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.