GOOD MORNING, Bean prices are leading the way higher this morning on headlines that China is offering to boost agricultural purchases in an effort to gain a deal between the US/China. The snow-storm arriving this week is also supportive. USDA report is out tomorrow. The tone was set last week with reversal trade higher from lower post the stocks report, which was bullish beans and corn. Funds have been lightening up on short positions ever since, including the purchase of 30K corn contracts yesterday, bringing them down to an estimated 100K short. The one bullish event that could trigger higher trade is now in front of us, namely a hard freeze that puts an end to the growing season. That ev...
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.