Several factors were responsible for the corn market's August meltdown as funds were caught leaning the wrong way. Farmers and others who had been at least slightly bullish were optimistic the Farm Journal Crop Tour would offer some bullish hope.The corn market, along with the wheat and soybean markets. suffered an August meltdown. It had been warm and mostly dry across the western Corn Belt during June and July. Every time they were revised, up to and including the July monthly revisions released on 20 July, the extended weather forecasts called for above-normal temperatures and below-normal precipitation. The market was in a bullish state in the days immediately following the 30-day July update that again predicted a warmer, drier-than-no...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.