Rosario Grain Exchange Reduces Its Forecast for Argentine Soybeans The Rosario Grain Exchange today cut its forecast for this year's Argentine soybean crop to 44.5 MMT. That is 5 MMT fewer than its previous forecast and one of the lowest forecasts by anyone. The exchange said major losses were caused by the drought that impacted the country in December and January and that some of the worst losses were in Cordoba province. It estimated the national average soybean yield at 2.4 MT/hectare (35.7 bushels/acre). Last year Argentina had an average yield of 2.68 MT/hectare (39.8 bushels/acre).The Rosario exchange said the Argentine corn crop will only be 19.8 MMT this year, down from its last forecast of 21.4 MMT. It is estimating the national...
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.