On 23 December, we noted that the impending influence of today's Stock report was difficult to anticipate. We asserted that there was no guarantee yields would decline and the reports would be bullish.That statement is not presented as a correct call of today's report, but is highlighted as one of many factors that should be considered when formulating the likelihood of future price action. In other words, USDA's final numbers were not out of character and it would be inappropriate for traders with long positions to find fault because they were taken by surprise. Yes, a technically bullish pennant formation had evolved in the March corn contract, but that formation formed as prices were coiling up. It was obvious that prices would move ha...
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.