GOOD MORNING, Prices are higher across the board today with more positive vibes as regards trade negotiations. Funds are short and markets remain in the upper end of trading ranges as we near the end of the month. China's Commerce Ministry acknowledged that they are in continuing discussions about upcoming Oct. trades talks with the US, and an analyst at Shanghai JC Intelligence reported in an interview to Reuters that around 6.0 mmt of beans would be purchased by China before those talks resumed. A Ministry of Commerce spokesman, Gao Feng, reported that Chinese buyers "have completed deals to buy soybeans and pork of considerable scale." Spread trade continues, with corn and wheat switching back and forth o...
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.