GOOD MORNING, Prices are still attempting to flesh out trading range lows, with technical reversal signals kicking off the liquidation. Funds are lightening up on length selling another 5K of wheat, 7K beans, 1000 meal, 4K soyoil, and 15K corn yesterday. Today would be day 3 of fund selling, and if short would probably look to find some technical stabilization at the lows of today. The absence of business announcements continues to find beans struggling, as China's deteriorating crush margins create a wait-and-see attitude. Better rains are crossing SA as well. In political news for the US, Biden said he would not drop Phase 1 China tariffs immediately. In global news, a worker strike in Arg...
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.