This Thursday's USDA WASDE report should not hold any major surprises for the market, but we say that cautiously based on the recent history of surprises. In general, USDA should cut corn and soybean production in both Brazil and Argentina. It should also increase the U.S. corn export (and possibly wheat) forecast and might reduce the U.S. soybean export forecast. Here are some things to look for. Wheat The U.S. wheat export projection is down 339 million bushels, or 26 percent from last year. Actual export sales are down 24 percent from last year, but the pace of wheat export loadings is off just 14 percent. There are signs that U.S. wheat is now competitive in world markets and that actual export sales will be larger than the most rec...
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.