CBOT products were generally lower as the end of the month approaches and profits are taken off the table. Tomorrow is first notice day for October soymeal and soyoil futures. That created bear spreading from those contracts as traders rolled long positions out of the spot contracts. Wheat was firmer on talks of frost in Argentina and from expectations of smaller stocks in tomorrow’s Grain Stocks report. Corn was slightly lower as profit taking developed amid some mild commercial buying. The outlook for agricultural futures is threatened by the size of managed money funds’ long position. The combined positions in major CBOT/CME products is approaching five-year highs. History suggests funds are seldom able (or willing?) t...
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.