The weekend was apparently good therapy for markets around the world as equities opened higher this morning and traded to strong gains. The Dow closed 5.1 percent higher while the S&P 500 gained 4.6 percent. The stability in equity markets helped the CBOT open with a strong round of short covering in soybeans and corn. Soymeal continued its Argentine-export-tax-driven rally that started last week while long liquidation was the early feature of the wheat market. Deliveries on March grain futures were light this morning, with 653 contracts delivered against March soyoil, 674 against soymeal, and only 9 KC wheat contracts delivered. The lack of deliveries created some bull spreading in corn and soybeans. The OECD cut i...
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.