The CBOT opened weaker overnight and kept that tone for most of the day. Soybeans and wheat managed higher closes based on some spread trade, while soymeal continued its decline. Most of the day consisted of pricing weakness but a late day buying spree pulled several contracts to higher closes. Many commodities made technical “hook reversals”, which suggest support is entering the market. The coronavirus is reportedly holding up offloading of some shipments of agricultural products, including palm oil, at Chinese ports. Moreover, the virus reportedly has Chinese officials inquiring about the possibility for adjustments to Phase One trade deal commitments under a clause in the agreement that states the two countries can co...
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.