Wheat lead the CBOT higher today on concerns that Russia might restrict exports in the near future. Corn and soybeans were reluctant followers with lingering old crop selling capping gains. Reuters today announced the confirmation of bovine spongiform encephalopathy (BSE) in a 6-year old cow in Florida. The market shrugged off the news as the strain of BSE is a generally non-virulent one that spontaneously pops up every now and then. Wall Street is higher again with the S&P 500 posting another new lifetime high! The Dow is higher as well but not sufficiently so to challenge its lifetime high. The Dollar index is down 11 points as of this writing while crude oil futures are up over $1/barrel in both the WTI and Brent market...
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.