USDA raised its national average soybean yield for 2015/16 to 48.3 bushels/acre and estimated U.S. soybean production to 3.981 billion bushels, both new records. There will likely be a rapid buildup of U.S. soybean stocks beginning with this year, but a number of wild cards could of course be factors.It has been some time since we last looked at the U.S. soybean supply/demand outlook for 2015/16. In the meantime, USDA raised its national average soybean yield to 48.3 bushels/acre and estimated U.S. soybean production to 3.981 billion bushels, both new records. USDA’s final yield and production estimates will be included in the January 2016 WASDE, but there is little reason to expect significant changes.As our supply/demand projections indic...
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.