Markets were largely neutral overnight. Ongoing dry weather in Argentina and the southern U.S. Plains (hard red winter wheat) was offset by fears of just where the world trade discussions will go. The markets opened mostly steady today, but the KC wheat market eventually broke out higher. Soybeans also traded 4-5 cents higher most of this morning, while corn managed to barely hold steady until later in the session. Weather forecasts are still mostly dry for Argentina. Meanwhile, conditions might be turning too wet in Brazil, which will further slow the soybean harvest there and mean more planting delays for the safrinha corn crop. USDA will release its March WASDE (supply/demand) revisions on 8 March. Meanwhile, the threat of a trade war...
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.