Rosario Exchange Sharply Reduces Argentine Soybean Estimate Yesterday the Rosario Grain Exchange reduced its estimate of the Argentine soybean crop from 52 MMT to 46.5 MMT, which follows a spokesperson’s announcement last week that it was likely to do so. This is about the lowest of any forecaster thus far and is evidence that the crop has been badly affected by the three-month drought. Today the Buenos Aires Grains Exchange cut its projection from 50 MMT to 47 MMT. The crop is likely to be even smaller than these two forecasts, particularly if there is no widespread, significant rainfall in the next two to three weeks. While the big cut in Argentina’s crop is impacting the global price of soybeans and soymeal, it should be no...
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.