General Comments The ongoing dispute between the EU and GFS weather models was tempered overnight when the latest EU model run shifted from its previous hotter, drier outlook for the U.S. Midwest to one that is more in line with the cooler, wetter one projected by the GFS model. Both models now shift the high pressure ridge westward and lower its intensity. This will allow an outbreak of showers by Friday that should continue intermittently over the Midwest nearly every day next week and into August. The current heat will moderate by late this week with the increased chances of showers and should remain at seasonal levels, or even below normal, well into August. In particular, the dry southern and western portions of the Corn Belt shou...
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.