Every single number contained in today's USDA reports exceeded average trade expectations except for the one that is arguably of the greatest importance for markets.The highly anticipated and much debated USDA June estimates on planted crop acreage and 1 June stocks of grains and soybeans are finally here. The data released this morning is summarized in the following tables:Every single number contained in these reports exceeded average trade expectations except for planted soybean acreage, which is arguably the one with the greatest importance for markets. USDA’s estimate of 83,688 million soybean acres in 2016 is the largest on record, up more just over 1 million from last year but still about 280,000 acres less than the average trade gue...
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.