Soybeans Gaining on Corn in Battle for Acres The assumption by most analysts this winter has been that corn would gain a lot of planted area in 2012 while soybeans would lose acres. However, the drought in South America and weak domestic corn demand has caused the market to shift in a direction that is more favorable to soybeans. Yesterday the new crop soybean-corn futures price ratio closed at 2.3 and it may rise even more in the next few days. With many analysts now saying a 2.2 price ratio is neutral for corn and soybean plantings, the recent rise in the ratio is shifting the profitability advantage toward soybeans. USDA acknowledged this last week when it raised its forecast for U.S. soybean plantings in 2012 from 74 million acres to...
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.