GOOD MORNING, The focus continues to be on harvest weather in the US, planting weather in SA, and politics. In the process, funds have covered in a good portion of their corn shorts, while extending bean length. The last of the wheat short is slowly squeezed out as prices edge higher again this morning. Mini-trends include buy wheat and beans/sell corn, and buy soyoil/sell meal, though for the day it appears as though oilshare will correct downward based off the morning's close. On the political front, China declared its intnent to purchase US Ag products, but in fact has been buying Brazilian beans over the last 2 weeks. WEATHER Scattered storms and showers Monday, with locally heavier amounts...
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.