General Comments USDA released its February WASDE this morning, and today's futures markets saw prices swing widely on both sides of yesterday's closes. March corn traded in a 19-cent range, while March soybeans moved in a 24-cent range. We are not sure how much real connection there is between the WASDE and today's swinging markets other than they occurred in the same time frame. Generally, as we note below, the WASDE met expectations, with the possible exception of the world wheat situation. The February WASDE portrayed the 2011/12 world wheat outlook as being even more bearish than analysts may have expected with ending world wheat stocks projected to be record large. However, turning bearish wheat into more bearish wheat does not exp...
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.