GOOD MORNING, Prices were lower for the first part of the night seeing more follow-through liquidation on yesterday's lower performance, with the soy complex turning higher by morning. Funds sold 6000 wheat, 35,000 corn, 7000 beans, 4000 meal, and 1000 soyoil yesterday, most of it coming out of grains. The commitment-of-traders report will be out Monday, but it seems like there has been some liquidation in all the markets due to covid cases and possible lockdowns. Funds are now estimated to be around 36k long wheat, 309K long corn, 280K long beans, 94,000K meal, and 97K soyoil. It was a bit of a surprise that corn has given back as much as it has, suggesting that prices are now going to head into a sideways p...
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.