USDA Boosts U.S. Soybean Production and Usage To no one's surprise, USDA today raised its forecast for U.S. soybean yields, production and consumption in 2012. What was a bit surprising was USDA raising its estimate for average U.S. soybean yields from 35.3 bushels per acre (2.37 MT/hectare) to 37.8 bushels per acre (2.54 MT/hectare). The average estimate of analysts surveyed by Reuters was for an average yield of 37.006 bushels per acre (2.49 MT/hectare). The increase in the average yield combined with an increase in the estimate of harvested area from 74.6 million acres to 75.7 million acres resulted in USDA raising its forecast for soybean production by 8.6 percent from 2.634 million bushels (71.69 MMT) to 2.86 billion bushels (77.84...
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.