GOOD MORNING, Prices are higher this morning on short-covering as we head into the growing season and begin to get the Good/Excellent rating category for crops. Wheat bounces off new trading range lows, as soyoil futures follow a higher palm oil market, with support from the flash sale to China yesterday. April NOPA crush will be released at 11:00 AM, with the trade looking for crush at an advertised 170.4 mln bu. vs. 181.37 mln bu in March. Oil ending stocks are advertised at 2.03 bln lbs vs. the previous 1.787 bln lbs. IEG vantage put out a bit of guesswork as to how acreage pies were shaping up: Corn: 94.2, down 2.8 Beans: 85.9, up 2.4 from USDA Cotton: 12.8, down .09 from...
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.