Last Friday's USDA quarterly stocks report found about 40 million bushels more soybeans than expected. That news started the soybean market lower and it was only the fact that corn locked up the 40-cent daily trading limit that eventually dragged soybean prices higher as well. None of that buying showed up in the Sunday night trading session and the entire soy complex collapsed under the weight of another aggressive round of fund selling today. The "extra" 40 million bushels of soybean stocks on hand 1 September was only part of the bearish news. The second part was the talk all of last week about higher-than-expected soybean yields. There is no question that the soybean yield across much of the Northern Plains has been very good. This is...
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.