GOOD MORNING, Prices are higher across the board with new contract highs in soyoil, canola, and beans. November beans hit new contract highs at $12.65 1/4, while December corn hits a new contract high at $4.85 3/4. May oilshare jumps to 38.40%, new highs. China continues to purchase oils; Chinese customs data released Sunday shows that for Jan and Feb, vegoil imports totaled 2.04 mmt, up 48% from year ago. Palm oil is higher as well. Higher trends based on continuing excess dryness in Argentina and too much rain in Brazil. Some analysts may be lowering corn and bean estimates in SA again as a result. The vaccines and a return to normal consumption implies that demand is going to remain steady, so even w...
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.