CME grain and soy futures struggled to find volume and price direction amid the continued lack of inputs from USDA and with little else to lead them. Trading volume today can best be described as awful. Prices moved slightly lower, mostly as a result of neglect, and remained range-bound during the day session with limited movement. Wheat stayed within a 7.5-8 cent trading range with just about all prices finishing slightly lower to break a five-day streak of higher closes. Corn was stuck in a 4-cent range that resulted in the spot March contract closing 1.75 cents lower with December down 1.5 cents. The soybean market traded in a range of 10 cents or less, but the day ended with spot March up a single penny and November barely changed with...
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.