GOOD MORNING, The theme of choppy March price action continues, as inverses remain under pressure. The exception to weakness is wheat and soyoil., the latter of which continues on a one-way path higher, but finally caves this morning to open weaker. China's Dalian vegoil futures traded sharply higher today, with palm oil higher as well. Meal makes a one month low on continued soyoil/meal trade. Early spread trade features buy wheat/sell corn and buy soyoil/sell meal. Beans will continue to respond to SA weather, and the latest production reports. While CONAB raised its Brazil bean production, Argentine production was lowered to 44.0 mmt by the BA Grain Exchange, (down 2 mmt). Argentina...
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.