Reports indicate some farmers are already abandoning soybeans in the drought-inflicted Brazilian states and have begun planting the fields to corn in hope that rainfall later in the growing season will help generate enough income to cover production costs. Drought Taking a Toll on Brazilian Soybeans; Flooding an Issue Elsewhere The ongoing drought in the Brazilian states of Mato Grosso, Goias, Maranhao, Tocantins, Piaui and Bahia appears to be ending after some areas received rains over the weekend. About an inch fell over parts of Mato Grosso, but most of the state remained hot and dry. With temperatures close to 100°F, however, the small amounts didn’t do much to reduce crop stress. The drought has clearly had an impact on the potential...
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.