The market opened lower across the board as called with coronavirus on the brain. It has now spread to 30 countries but the WHO has yet to call it a pandemic. The market is assuming the worst, with some even saying there will be a recession. Money reacts to fear and volatility, with funds in large short positions or just getting out and reducing the amount of open interest. Walking the market down takes time due to breaks on sell-stops. The question is when does it become oversold? And if so, won’t it be explosive if the disease peaks and China begins buying? Stepping back and considering the whole purpose of the futures market, there is some irony in the data. At the same time that climate change, pandemics, technologic...
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.