GOOD MORNING, Prices traveled into further losses this AM before finding more stability, as each of the markets needed a correction to alleviate overbought conditions. Crop ratings were slightly better than expected, which created more downside before recovery trade this AM. Meal prices remain firm against soyoil, as wheat gains on corn. Wheat remains higher with Egypt tendering on the break yesterday. Rising Black Sea premiums are keeping a bid under the US market. On the tender so far, Russia is the cheapest offer. Soyoil prices are following a sharply lower palm oil market yesterday which had a key reversal at its top. WEATHER Harvest in the Midwest remains good with drier...
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.