GOOD MORNING, The November USDA report has come and gone, and it provided much less market volatility that in previous WASDA reports. Futures are mixed to lower this morning (higher soyoil) as more traders unwind previous buy soy/sell grain grade. Beans lose to corn while oilshare remains the bull market trade. Wheat: Wheat futures are lower this morning along with corn, though funds do hold a neutral position in that market. Spring wheat data was the most positive item with the USDA reducing harvested acres in Idaho by 5,000, 10,000 in Minnesota, 120,000 in Montana, 745,000 in North Dakota and 10,000 in South Dakota. Production was reduced 415,000 in Idaho, 570,000 in Minnesota, a...
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.