Back when we first got involved in the grain business and in grain merchandizing, grain export activity was not very important to futures markets. Or perhaps better put, futures markets had only limited impact on grain export activity. U.S. grain exports were largely conducted under various government programs, especially P.L. 480. Price risks were limited. What was considered to be volatile futures price action back then would now be considered as strictly dull and routine today. Wheat dominated U.S. grain export volume, and for many years the principal source of wheat destined for export was government stocks. If one made an export sale, it usually could be quickly covered by a phone call to the proper government (CCC) office. Moreover,...
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.