Based on optimism that the partial shutdown of the U.S. government might be nearing an end, U.S. financial markets were strong in pre-market trade and opened that way this morning. The only reason for that hope was the reportedly heated meeting Senate Republicans had with Vice President Pence. They had allegedly told him that enough was enough. The president then announced this afternoon that he would back a short-term funding bill to re-open the government that does not contain funds to construct a southern border wall. Those who write about grain and oilseed markets are certainly ready to see USDA come back to work. Writing in a void of information can result in even more creative and speculative analysis than normal. Once it resumes, th...
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.