GOOD MORNING, Prices are mixed this morning with the largest feature a rally in wheat. Russian officials are considering imposing a wheat export tax of around 2,000 rubles ($27.3) /ton for Feb. 15-Jun 3, as one of the measures to stabilize domestic prices. Russia is considering a grain export quota as well as a price cap for domestic sunflower oil and sugar prices. Soyoil is higher against meal. The December WASDE has come and gone with the data making little difference to prices that are stuck in recent ranges. Sporadic rains in SA and lack of export activity defines the downside, worsening La Nina, some demand, and potentially lower production defines the upside. Continued tighter carry-out numbers an...
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.