GOOD MORNING, Prices took another step lower today as the spread of the coronavirus intensifies. The gap-lower price action from Monday was filled, but only served as resistance as prices continue to leg down. The unknowns of the virus continue to spook all the markets, where many outsides are also weaker. Gold futures, the safe haven trade, appears to be the only commodity in the green. There are now 170+ documented deaths from the coronavirus, while documented cases have risen to 8,000. The Chinese media reported that COFCO requested that all of its bean crushers and rice facilities restart production to ensure supplies during the coronavirus outbreak. China's Ag Ministry urged feed makers and slaughte...
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.