GOOD MORNING, Prices continue grinding sideways into next Monday's July WASDE report. Traders continue to liquidate length and oilshare. Beans were higher at the start of the week on rumors of Chinese inquiries, though prices have weakened lately on the back of lower recent demand from China for Brazilian beans on the back of poor crush margins. Corn prices see pressure from tired bulls, better weather in the eastern Corn Belt as crops move through pollination, and the story that Chinese farmers increased their corn acreage sharply driven by high prices. China also incentivized their farmers to plant corn before 2009 which created an over-supply of this commodity for about 5 years. Same trend, different year a...
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.