Both the CME and CBOT closed in the red today, though selling at the CME (particularly the livestock contracts) was far more aggressive. Cattle futures are forming technical tops and seem poised for a sharp move lower amid a weakening beef demand outlook. Similarly, the pork market needs lower prices to move product, and futures are obliging. The grains complex finally got its 20 December Export Sales report, which was nice but not market moving. The report, over a month old, would have been neutral/bullish corn and bearish soybeans and wheat had it been released on time, but was a non-event today. The USDA will keep an aggressive pace in releasing other backlogged data, which will be much appreciated by the market. After yest...
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.