Yesterday afternoon a private analytical group released their estimate of U.S. corn and soybean production. The corn number was slightly above the USDA July estimate and just shy of 14 billion bushels. That is simply a ton of corn and it would take some sort of cataclysmic event (like a major early freeze) to change that number enough to significantly affect ending supplies and price direction. The soybean number, however, was below the USDA estimate by over 100 million bushels. The yield was pegged at 43 bushels per acre compared to the latest USDA estimate of a record 44.5 bushels per acre.Unlike corn, the soybean yield can make a major difference in whether we are talking $11.00 or $12.00 soybean prices or $13.00-14.00 soybean prices...
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.