The prospect of locking in multiple months of corn futures in a clock contract that has an average price somewhere between $6.75-7.25 should not be neglected. This season's drought has created some unusual and difficult circumstances. Asian corn buyers seem particularly surprised by the stiff competition from U.S. domestic corn buyers, and some have decided to stand back and wait for basis levels to soften. That may not be a winning strategy this season.American ethanol facilities have been particularly concerned about aflatoxin contamination in corn because the ethanol distilling process compounds that contaminant threefold in dried distillers grains with solubles (DDGS). It is illegal to sell corn products with significant levels of afl...
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.