The soybean market helped preserve the reputation held by USDA’s January reports for triggering a strong price reaction in the immediate wake of their release, and the wheat market responded with vigor. General Comments Lest it be overlooked amid the usual array of January reports from USDA, FAS did provide the weekly export sales report today for the week ending 5 January. Generally, it is uneventful, although today’s did highlight that the seasonal slowdown in U.S. soybean export sales is underway with a net of only 348,900 MT of new sales reported. World users are increasingly content to wait for the Brazilian soybean harvest to get well underway in the hope that it will pressure soybean prices lower. USDA’s estimate of a 104 MMT Brazi...
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.