GOOD MORNING, Improved weather patterns dominate price direction as grain longs liquidate in front of the USDA report. Weakest performance for the day yesterday went to wheat, which broke key support at previous lows at $4.95, triggering a round of sell-stops with trade down to new lows at $4.87 1/4. Egypt tendered for 55,000 tmt of wheat for shipment August 25-Sep 5 period, with the tender closing today. Last purchase was a July 17th award to Russia. WEATHER Bearish for now as better than expected rains fell over the driest parts of the southwest corn belt on the weekend, while rains yesterday crossed central Illinois. The 6-10 day and 8-14 day NOAA update has a warm and wet bias. ...
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.