GOOD MORNING, Prices are lower overnight on weaker crude, liquidation of weaker long positions after the March report, and the prospect for better weekend rainfall in Argentina. The mission of the market is to now set up trading ranges that are of value heading into the March 31 Planting Intentions report. Prices set a new contract high overnight in soyoil, but that market reversed trade. Oilshare remains at 8-year highs with palm oil at 13 year highs. Rapeseed prices are hitting record highs on the back of booming Chinese demand. Beans are lower on technical selling and the possibility of rains in Argentina. Meal trades to new lows on constant buy soyoil/sell meal trade. Wheat is lowe...
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.