Milling Wheat World wheat markets are steady/higher this week after futures markets rallied despite the September WASDE’s addition of 4 MMT to world ending stocks. There was a sense that wheat futures were oversold heading into the report and a round of short covering and end-user buying occurred. Northern Hemisphere supplies are now featuring varied quality and Russia’s export program is being thwarted by its export tax program. The WASDE suggests there is no overall shortage, but supplies will be tighter on the margin until the Southern Hemisphere (e.g., Australia) crop becomes available. The UK wheat harvest is finished with variable results all around, from yields to quality specs. Much of the crop still has hi...
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.