Wheat opened higher but the rest of the board was seeing red at the open. The market mood is cautious given improved weather in South America and uncertainty around President Trump’s pursuit of tariffs against trading partners. However, less than an hour following the open soybeans and cattle turned higher, with corn joining the higher turn a little bit later. Still, it was an overall choppy day. Last week’s export sales reinforced the bullish view toward wheat and corn, and the bearish mood toward soybeans where new commitments were at multi-week lows. Soymeal sales declined and soyoil hit washouts. The screw has turned for the soy complex, though there was an MY 2025/26 sale of 24.3 KMT of soybeans. But by comparison, ne...
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.