When there have been month-over-month increases in yield and production estimates through October, history suggests that the odds strongly favor a further rise in November. With that background, analysts and traders have once again started the game of guessing what numbers USDA will release next Monday.Voters are finally going to the polls for the 2014 midterm election today, and all of the related punditry will peak tonight as the results are counted and over-analyzed by TV commentators. The pre-result consensus seems tilted slightly in favor of the Republicans capturing the Senate even though the prevailing mood of voters around the country is one of sour dissatisfaction with Democrats, Republicans and Washington DC in general.Dave Juday...
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.