GOOD MORNING, Price action continues in trading range territory with the bean market well bid from $9.00 on the back of more optimism as regards trade talks. US Treasury Sec Mnuchin and Trade Rep LIghthizer will travel to Shanghai on July 30. Considering these advancements, more soybean bears are lifting their short positions. Soyoil futures have also trended towards their trading range highs, pushing oilshare to monthly highs. Stronger palm oil prices are part of the reason for the short-covering in Chicago futures. Malaysia's biodiesel production and exports are set to hit record levels this year as lower palm oil prices set the stage for blending biofuels in both China and the EU. Top off...
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.