GOOD MORNING, Funds were net sellers across the board yesterday except in wheat, where they were covering in short positions in front of Friday's report. Fund estimated positions include a net short 100K corn futures/options combined against an estimated 80K net long in beans. Wheat prices are beginning to turn higher from lower after correcting to the lowest end of the trading range in recent days. Wheat bulls look for lower numbers in Friday’s WASDE for Australia and Argentina due to adverse weather, while possibly increasing Russian production. In an FC Stone poll, 2019/20 Australian wheat production fell to 15.5 mmt. vs. previous 19.2 mmt. Soyoil futures are higher this morning following a firm...
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.