The Chinese government's refusal to approve the two new biotech soybean events was known to U.S. soybean growers and officials in the biotech industry at least a few weeks before it was reported last week. While it is not clear exactly why the government is all of a sudden taking this action, there are a few likely reasons. USDA Sharply Reduces Soybean Stocks, Increases 2013 Soybean Production USDA today surprised the market by reducing U.S. soybean ending stocks on 1 September to only 91.96 million bushels (2.53 MMT). That was well below average trade estimates of 126 million bushels (3.43 MMT) and USDA's September forecast of 130 million bushels (3.54 MMT). It was also substantially below last year's September stocks of 140.557 million...
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.