GOOD MORNING, Prices are mixed overnight with grains weaker vs. firmer soy complex values. Soyoil tracks a lower Asian palm oil trade, as the market enters into a correction phase. Beans remain firm vs. corn as farmers try to head into the fields to begin planting. Since Feb. there has been a drop in open interest in the grains, suggesting funds are participating less. Uncertainty over Chinese demand weighs on prices, despite tight supplies. Corn continues to see support from chatter that China has been in the market. While the markets bend, they do not break. Would consider beans the leader now and corn the follower heading into the March 31 Planting Intentions report. Soyoil should stay fi...
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.