GOOD MORNING, The markets were given life and new direction courtesy of an unexpected bullish corn and bean stocks report this week. Fundamental jolts that coincide with chart price action always bring the largest bang for the buck. Between Monday and Tuesday, funds probably covered in about 50K contracts of corn but still remain about 100K short. Better hedge pressure was noted out of the west on the rally, with mixed cash at the Gulf. Funds could be closer to even in beans. Beans have a bid courtesy of more rumored bean biz with China, as Chinese privately-owned crushers were rumored to buy another 15 cargoes of beans in deals that could total another 1 mmt. The October 10 WASDE report also co...
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.