GOOD MORNING, This continues to be a busy news week from the cancellation of the November APEC summit in Chile, to comments from Mnuchin that China may have to build up to $50 bln worth of Ag purchases. As often said, the best defense is a good offense. Talk that China does not want to be held to buying a shopping list of Ag products weighed on the soy complex. Rumors of China looking to buy US corn, a firming basis, slow farmer selling, and harvest delays created short-covering in this market, even as wheat prices trended towards new lows. Back and forth stories continue to show us where our highs and lows exist in front of the very important November USDA report coming out on November 8. WEATHER...
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.