February is a good month to take stock of where we are and to speculate about trends and events that might help shape price action and direction. The title attached to this analysis is somewhat misleading in that we do not intend to forecast specific price action or price direction. We will leave that to those whose crystal ball is not as cloudy as ours.The two recent weather events with obvious market impact have been the La Nina-related drought that affected Argentina and Southern Brazil and the extreme cold weather across parts of Russia, Ukraine and Northern Europe. The South American drought caught a portion of the corn crop in its vulnerable pollinating stage, probably causing some irrevocable damage. Soybeans in the region were not...
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.