Today’s September WASDE report reflects important adjustments in the projected ending stocks for corn, soybeans, and wheat. Overall, global stocks of soybeans and wheat were increased while that of corn fell. But the larger changes can be attributed to just a handful of countries. Though commodities are fungible, price impacts will be larger at the margins in the jurisdictions with the greater changes. Though overall 2020/21 global ending stocks for corn were lowered by more than 10 MMT, the U.S. accounted for over 60 percent of the difference and China most of the balance. They were held steady for most other countries. Excluding China, the U.S. continues to store most of the surplus with this marketing year reflecting the second la...
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.