The markets have certainly been full of weather talk lately with outlooks for Argentina probably the first item every oilseed trader looks at each day. A very distant second weather market receiving attention is the drought across the southern Plains. There is something particularly interesting about these two drought stories when reading daily market commentaries and analysis, which is the impression that there is still time left for rains to help Argentina’s corn and soybean crops and that the U.S. hard red winter wheat crop can still be “average” if it rains even in April. The market is wrong in both cases. Yesterday the Rosario Grain Exchange updated its production forecasts for Argentina, cutting the soybean crop fro...
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.