General Comments A private crop production forecast released after the close yesterday pegged the U.S. corn crop at 13.993 billion bushels and the U.S. soybean crop at 3.309 billion bushels. The corn estimate was close to the July USDA estimate but the soybean number was 111 million bushels below the USDA. This prompted an overnight rally that culminated in the first couple of hours of trade this morning that pushed November soybeans 15-16 cents higher. It was downhill after that as the market talk again turned to weather and it was raining across some portions of the western Corn Belt.There was little other market making news today. There were no USDA export sales announcements. Weather forecasts look the same, cool and damp in the ea...
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.