GOOD MORNING, Prices were mixed with the grains firmer vs. the soy complex, but after export sales all rallied into the close. For bulls, the good news is that July and Dec corn are staying afloat at reversal levels of trade. Bull-spreads were weaker this morning but corn spreads strengthened. The domestic corn basis is slightly weaker, even in Iowa. Gulf corn values are steady. Issues: Bean prices remain steady with rumors that China is making inquiries about Oct/Nov beans. Spreads are attempting to firm, though July/Dec meal slips to a carry from an inverse. Crushing for soyoil makes too much meal, and China is displacing meal from its feed rations. China's negative crush margins s...
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.