Corn After a few months of drought putting a check on Argentine corn production, the weather pattern has consistently shifted towards more favorable patterns since 2020 started. Additionally, good rains in January and early February further helped. Presently, 90 percent of the corn crop has optimal moisture conditions and 97 percent is rated fair/excellent. Planting has advanced to 98 percent of the expected area. With weather patterns normalizing, there is no reason to anticipate a crop less than 49-50 MMT. As harvest nears and shipment periods for new crop corn inch closer, the market is becoming more interesting. There are interested volumes moving in the FAS market with prices similar to the past few weeks ($145/MT for Mar...
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.