The final May HRW futures price was down just 3 cents from a year earlier and though the value of corn closed out the month slightly higher, it was down nearly 25 percent from 2019. The June Live Cattle contract gained nearly 15 percent in May 2020, but it started the month 23 percent lower than a year ago and couldn’t fully recover. Soybeans and soymeal were losers for the month, but soyoil had a small gain. Values in 2019 were pushed higher due to excessive dryness and late planting. By contrast, ownership in May 2020 faced a good planting period and a troublesome demand outlook. ...
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.