Much like February WASDEs, the March editions are typically viewed as nonevents in terms of market significance since they are essentially released between those factors most likely to move prices. Usually by each February and March, the supply and demand fundamentals for the current crop cycle are already well accepted and priced into futures markets even with the Northern Hemisphere’s new crop planting season not yet underway. However, last month’s WASDE contained more than the usual number of changes as well as a few surprises for grain and soy markets, and today’s March WASDE followed with more of the same. The weather issues faced by South American soybean and corn crops in 2018 keep moving the supply needle. In turn,...
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.