GOOD MORNING, Prices remain mixed heading into the middle of the week, and Thursday's WASDE report. Funds sold 20K corn contracts yesterday, increasing their net short to around 300K. Wheat prices trended lower on continued harvest and higher production out of Australia, with Egypt tendering after the close as the important $5.00 threshold was approached once more. On cue, Egypt came in and tendered for wheat after the close. Beans continue to see support from talk of more Chinese business and inquiries, as at least 2 cargoes were sold for Dec shipment off the PNW. State crusher COFCO was also noted inquiring for early winter shipment. Soyoil futures tread water above the 28c level in July, w...
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.