CBOT markets opened higher overnight with corn and soybeans posting new contract highs. The ongoing strike in Argentina, combined with disappointing weekend rains for that country, boosted the buying mentality of Chicago traders. The day session, however, saw the soy complex and wheat trade lower on technical selling and fund liquidation. Funds are thought to have sold 12,000 contracts of soybeans, 10,000 contracts of wheat, and some 6,000-7,000 contracts each of soymeal and soyoil. Funds were net buyers of 6,000 corn contracts. The Export Inspections report was bullish soybeans with 53.2 Mbu shipped last week, more than double what was needed in this week’s report. Combined with the outstanding sales for 2020/21, total soybean...
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.