One role that the market must play is to discover how low prices must drop to uncover demand. Obviously, this becomes more difficult when supplies are rising faster than projected demand.As many WPI clients are aware, we take some time off for an annual mid-September Montana fishing trip and just returned from this year's, which was the 13th in a row. While away, we had little opportunity to pay attention to crop yields, production estimates, markets, prices and related topics. We did not even know what USDA's latest estimates from the September WASDE were until first looking at them yesterday.However, it is back to the real world today. In one important sense, the reality of U.S. crop production in 2014 has not changed. Markets have known...
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.