GOOD MORNING, The June WASDE report will be released at 11:00 Chicago time. The theme of the week has been to even positions into the numbers, with a good portion of the numbers going to front month rolls. This morning spreads are firm as the roll ends. Outside markets are taking a beating with global equities down hard in what is a risk-off mentality, which could spread to Ags. Funds have sold corn for the last two days, expecting numbers to be bearish for today's data. While most fund positions are close to even, corn remains a solidly large 300K futures / options combined short given this week's selling. What the funds do with this short will probably dictate how nearby futures trade for the balance...
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.