GOOD MORNING, Prices are mixed to begin the morning with funds purchasing soyoil futures on the back of sharply higher palm oil. Beans are firmer following technically, as China purchased both US and Brazil origin in recent days. State -owned Chinese firms purchased at least 3 cargoes of US beans Monday. A higher Brazilian basis level and tightening supply makes US beans cheaper and China still has fall demand to cover. Meal follows beans and soyoil as prices sit at the bottom of recent ranges. Features of the day appear to be buy beans/sell wheat and buy soyoil/sell meal. Funds were net sellers of corn at last week's highs, betting that weather remains favorable and that the crops go in on time,...
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.