The rally in ag commodities faltered somewhat today as lower cash soymeal prices and a warming trend in the Black Sea pressured the soy complex and wheat markets, respectively. Corn managed to work its way higher in modest trade ahead of Thursday’s USDA report. Presently, U.S. stock indexes are flat with the Dow up 2.74 points and the S&P 500 up 4.99. The CBOE VIX is down 39 points while the U.S. Dollar Index is down a similar amount at 89.603. COMEX gold is up $16/ounce as investors seek refuge from the recent stock market volatility. WTI crude oil is flat while Brent is up 20 cents/barrel. Corn May corn finished a penny higher as improving ethanol margins (with futures over $1.50 on the back of higher energy compl...
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.