Corn and soybean basis in the northern interior have plummeted to what might be all-time lows for several reasons.Demand for corn, wheat, soybeans, canola, etc. remains very strong and basis levels at the export ranges are still near their highs. The situation for the corn and soybean basis in the northern interior is far different as basis levels delivered to ethanol plants and country elevators have plummeted to what might be all-time lows. The complete collapse of the corn basis has been the most dramatic and significant break that I can remember since President Carter embargoed sales to Russia back in 1980. The market simply went to "no bid" after that. It is likely we will see the corn market with no bids in the near future at some loc...
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.