Markets were steady to slightly higher overnight. Soybean and soymeal futures then started today’s session easier following a disappointing weekly soybean export sales number. Corn was higher, led by early 5-6 cent gains in wheat. Both corn and wheat futures faded when the soy complex turned weak. However, wheat closed strong and brought corn along to finish a penny or so up. Crude oil was firm again today, trading back above $66. The U.S. dollar continued to lose some ground. U.S. equity markets ended the week with another day of big gains. Corn FUTURES Weekly corn export sales were much better than expected at 1.5 MMT, and USDA also announced the sale of 125,000 MT to unknown. Current weather in Argentina seems to...
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.