Rushing to Judgment: The discovery of some glyphosate-resistant wheat in an Oregon farm field prompted the EU to request the detection protocol from Monsanto, which is the correct response to this event. By contrast, Bloomberg reports that Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) has suspended all imports of western white wheat and feed wheat from the U.S., including the cancellation of an impending 25,000 MT tender. Given that there is no evidence of any tainted shipments and testing can be required of all imports, MAFF's reaction lacks any rational basis. It reflects a rush to judgment that undermines confidence in a trading partner, and it signals that Japan may not be ready to participate in the Trans-Pacific Par...
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.