Soybeans Brazil The Brazilian soybean crop keeps rising or at least consolidating production. Trading houses are estimating a baseline of 112 MMT with upside potential of 114-115 MMT versus 113 MMT in the last campaign. January will finish with 1.4-1.5 MMT exported, similar to a year ago. Nevertheless, February exports seem likely to break the record 6.1 MMT set in that month last year, and some traders believe they could reach 6.3-6.5 MMT. This year’s January harvest has been good, securing a good flow for February shipment if weather does not present any issues. While there are some concerns about possible rains next month that may delay harvest or shipments, the chances of this are small. Basis has dropped in the past few weeks...
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.