The Brazilian government's crop supply agency (Conab) today reduced its forecast for the Brazilian soybean crop to 90.01 MMT. Producers are also very concerned the forecast for little rainfall in the next two weeks is likely to cut yields for later-planted soybeans. Brazilian Government Cuts Soybean Crop Forecast Slightly For the first time this year, the Brazilian government's crop supply agency (Conab) today reduced its forecast for the Brazilian soybean crop to 90.01 MMT, a slight decrease from its January estimate of 90.33 MMT. Conab maintained its estimate for average soybean yields in Mato Grosso (3.11 MT/hectare) and Parana (3.348 MT/hectare), but decreased its forecast for the average yield in Rio Grande do Sul to 2.714 MT/hectare...
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.