The CBOT settled higher ahead of the December WASDE with soybeans emerging as the early upside leader. Wheat futures posted strong gains for the day as well, with technical buying supporting afternoon trade. Corn futures were higher, but mostly due to spread dynamics and general support from soybeans and wheat. Market rumors suggest that China is actively buying a myriad of U.S. ag and food products, from meat to baby formula, etc., to meet its Phase One purchase commitments (or at least get closer to meeting them). China was rumored to have also booked corn from the PNW for May shipment and Hong Kong wheat millers are asking for February/March wheat offers. So far, no rumors have been confirmed but smaller sales may show up in tomorrow&rs...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.