Note: the CBOT and CME markets will be closed on Monday, 25 May and WPI’s offices will be similarly shutdown. The CBOT finished the week with slow, low-volume trade as traders are unwilling to absorb additional risk heading into the three-day weekend. Brokers estimate that funds sold some 4,500 contracts of wheat, 5,000 contracts of corn, and 1,200 contracts of soybeans. The lack of interest in carrying a large position into the weekend was evident in corn as that market sold off early under pressure from funds but closed near the opening value. The U.S. 7-day weather forecast remains favorable for planting and crop growth with above-average temperatures across nearly every region but the Southern Plains. Precipitation w...
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.