Crop markets were lower to start the week with harvest progress in South America and increasingly favorable weather there weighing on values. Too, the Export Inspections data was lackluster for corn, wheat, and soybeans, which is not what traders wanted to see amid concerns about increased tariffs and a strong U.S. dollar. Funds emerged as net sellers across the grains complex for the day with heavy-volume selling in corn and soybeans signaling an increasingly bearish viewpoint by money managers. The weekly Export Inspections report was mixed for the three major commodities but held a more bullish lean for soybeans. Soybean inspections were up slightly from the prior week and were above their weekly target level, but remained below th...
What You Need to Know Today: Non-farm payrolls rose by 172,000 jobs in May, above economist expectations of 80,000 jobs. With the job market strong, the Fed may consider raising interest rates to tame inflation. The strong jobs report was a catalyst for lower risk appetite across financial and...
Newworld screwworm Update The detection of New World screwworm (NWS) in Texas on Wednesday has been volatile for the cattle markets. The confirmation came on Wednesday evening, and the futures market opened sharply lower on Thursday. Market participants cited unknowns about cattle supplies and...
With considerable fanfare—and few specifics—USDA last week announced its Great American Cotton Plan for 2026-2031. Secretary Brooke Rollins and industry leaders described the initiative as a comprehensive strategy to address the persistent challenges facing U.S. cotton production, d...
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.