GOOD MORNING, Prices are mostly firmer, with beans reaching a one month high overnight and wheat prices turning mixed from higher. Prices are higher on further short-covering on technical strength and hopes that China continues to purchase US beans. As China's economy normalizes, the US Chamber of Commerce called on China to "dramatically" speed up their pace of US goods purchases under the Phase One trade deal. China purchased corn last week along with beans. China has been purchasing pork lately, as meat remains the most interesting part of the trade deal. China needs meat and if they come in to purchase beef, pork and chicken it will be welcomed by the industry. Wheat may continue to...
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.