The EPA data released today was just as bearish as market participants were expecting for corn and more bullish than expected for soyoil. General Comments The primary event for today's grain markets was the long-anticipated release of U.S. EPA's production proposals for conventional ethanol (and biodiesel). There were general expectations that the adjusted ethanol proposals would be below prior figures (they were) and that the release of that data would prove to be decidedly bearish (it was not). Conventional ethanol proposals were stipulated to be 13.25 billion gallons in 2014, 13.4 billion gallons in 2015 and 14 billion gallons in 2016. The EPA had only one rational choice for 2014 by basically dictating that what was shall be again. Th...
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.