The fireworks started at 3 AM in the grains market this morning, coinciding with China’s announcement of retaliatory tariffs on U.S. ag products, including soybeans. The soy complex and corn markets promptly crashed, only to rally slightly during the day session. While the socks to the grains markets were clear this morning, whatever caused the livestock market to rally is cloudier. Cattle futures were down triple-digits this morning but rallied to near-limit gains in the afternoon. Lean hogs, the contract that has done little in 2017 except trend lower, started off with slow, steady gains before it too headed to post triple-digit gains and a serious turnaround on the charts. Meanwhile, today’s news didn’t se...
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.