USDA did not anticipate any change in the average corn farm price because of a minor adjustment in this season's ending stocks, detailed in the June WASDE, but it was one factor that helped justify the nearby July contract selling off 7.75 cents and closing back below $3.60 per bushel. General Comments Today USDA published the June WASDE report with contents and resulting weaker price reaction that were both as expected. Feed grain data held no surprise as slight increases occurred in U.S. corn ending stocks. The estimate of corn usage for ethanol production in the current 2014/15 crop year was reduced by 25 million bushels, and that boosted the ending stocks for this season by a similar amount from 1.851 to 1.875 billion bushels. T...
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.