General Comments It is the day before USDA's July WASDE, but it is the weather that continues to grip the market's attention. The high pressure ridge setting up across the Plains and Western Corn Belt will bring warmer though not unseasonably hot temperatures and drier conditions to this region for most of the next 7-10 days. Thereafter, weather models indicate that the ridge should begin to break down. There could be some stress to crops in these areas, but it should not be severe if the ridge weakens as advertised. Meanwhile, the Dakotas, Minnesota, Iowa and the central and eastern Corn Belt should experience periodic rainfall and seasonable temperatures over the next 10-14 days which would be favorable for crop development.Understan...
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.