USDA's 30 June numbers were mildly bullish for corn and soybeans, and the persistent heavy rainfall over southern and eastern portions of the Midwest has probably taken away some yield potential. However, is the situation really as bullish as this week's price action would suggest?The 30 June acreage and quarterly stocks reports from USDA set off a wild spate of buying by all kinds of managed money, which continued even during today's holiday-shortened session. The sudden inflow of managed money into grain and soy markets immediately following the reports' release this past Tuesday caused a strong price rally that surprised even veteran market watchers. Tuesday's volatile action did trigger a major change in both price momentum and the tech...
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.