Forecasts for Brazil’s Soybean Crop Keep Increasing If the analysts in Brazil are correct, the soybean crop there will be huge this year. Yesterday Safras & Mercado raised its crop forecast by 1.7 MMT to 115.6 MMT, which would be a record high and up from last year’s 114.2 MMT. The increase was based on the firm’s forecast of higher yields in the states of Goiás, Mato Grosso do Sul, Minas Gerais and Sao Paulo. It indicated that developoment plus a 1.44 million hectare increase in plantings more than made up for problems in the states of Mato Grosso and Parana. The Safras & Mercado projection is on the upper end of forecasts with AgRural’s the highest thus far at 116.2 MMT. However, both estimates may...
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.