Today was Turnaround Tuesday after commodity and equity markets closed deeply in the red yesterday. CBOT products found support in the overnight session and corn, soybeans, and wheat all managed higher closes. Soybean futures even managed to rise 5.5 cents in overnight trading. The day session featured soybeans jumping out to an early lead on more dryness in Argentina and the fact that overnight rains failed to bring any substantial relief. The drought in the U.S. plains is worsening, adding to production concerns in the wheat markets. In total, there were few sellers at the CBOT today, even as CME livestock futures headed lower. As of this writing, U.S. stock indexes are slightly lower with the Dow off 92 points (0.5 percent)...
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.