One of the bright spots for global soybean demand in the past two decades has been Southeast Asia, which has had solid economic growth in recent years as well as a relatively rapid population expansion. This has led to increased meat and fish production with a rise in feed demand that has boosted soymeal consumption. Analysts Expect StatsCanada to Report Record Soy Crop, Third-Largest Canola Crop On Thursday, Statistics Canada will release its August forecast for Canada's crop production this year. A survey of analysts by Reuters found their average estimate for this year's Canadian canola production is 14.5 MMT with a range of 13.8-15.1 MMT. StatsCanada's July forecast was 14.45 MMT. Last year's canola crop was a record 17.96 MMT. Heavy...
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...
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On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.