GOOD MORNING, The markets are lower this morning on profit-taking from current market tops as better rains fall across areas of Brazil. This is a corrective move from the top as the mission of the market is now to define new and higher value trading ranges, except for wheat which is still closer to the bottom of its trading range activity. Current rallies have been sharp, and charts extremely overbought. Cushioning a larger break is continued chatter that China buyers booked as many as a dozen cargoes of corn and beans each this week, which was a part of the recent price rise. Soyoil remains a fan favorite over meal, as crush margins move lower and vegoil global prices move higher. Beans started to sell-off more aro...
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.