GOOD MORNING, Prices continue higher building on technical advances from Thursday's strong session. Meal, beans, and soyoil futures all print new contract highs overnight. The market is rallying into very little SA or US farmer selling, which has allowed prices to advance fairly easily. Funds were buyers yesterday of 9K wheat, 22K corn, 14K beans, 3K meal, and 7K soyoil. The Commitment-of-Trader's report is out tonight, and with yesterday's buying funds are now long an estimated 30K wheat, 320K corn, 230K beans, 81K meal, and 120K soyoil. Ag prices continue to benefit from two-year lows in the US dollar, as Congress draws closer to a stimulus deal. The beneficiaries of all this include the sa...
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.