Very few people, other than apparently some in the grain trade, trust Vladimir Putin. The continued belief that he will allow grain to begin flowing out of Ukrainian ports, and presumably the West will lift sanctions as the qui pro quo, led a bloodbath not in Ukraine but in the futures market. Led by wheat, the rest of the commodity market followed. Corn and wheat had been down in the overnight session, but the soy complex was firm and closed out higher. Soyoil and soymeal started the morning session looking to keep the overnight gains but eventually they too succumbed to the market’s sudden bearish mood. USDA’s export inspections report carried no surprise. Corn and wheat inspections were at the upper level...
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.