GOOD MORNING, Prices are mixed this morning, with soyoil lower on the back of a palm oil sell-off, while all other markets are higher. Conflicting stories continue to circulate for China and beans, but according to Shanghai's JCI, China will have to purchase US beans to cover any shortages they have with hog breeding expected to recover, and therefore meal demand higher. US beans remain cheaper than Brazil into what could be the end of the year. Bean prices are firmer this morning into new highs, despite the WSJ story yesterday in which it stated that China had cancelled some US farm shipments including 23 cargoes of beans due to rising tensions between Washington and Beijing. The article stated that importe...
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.