GOOD MORNING, The markets are higher after prices reached new monthly lows on a combination of pricing, short-covering, and new buying activity. Commodity selling on more hawkish Fed comments, China liquidating commodity positions, margin calls, a sudden firming US dollar, all converged to kick off selling this week leaving positive fundamentals in the dust. Traders are truly shocked by the steep sell-off, though the lack of recent export activity and a slight change in the weather pattern were all bearish items, and all presenting at once. The one thing that could be true is that given the steep break, by the time we get to the June 30 Stocks/Acreage report, large acres could be already factored in, setting...
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.