The most significant development in today’s CBOT trade is that soybeans finished with only quarter-cent losses despite rumors of a cessation in Chinese purchases. The markets opened higher on Sunday night but found selling pressure in the wee hours of the morning as Bloomberg reported that China asked its state-owned firms to halt purchases of U.S. soybeans and pork. The restrictions do not affect private importers, a fact that carried the market higher heading into the morning’s open. Rumors circulated later in the day that China was sniffing around for 2-3 cargoes off the PNW, which offered further support. Soybeans traded a 15-cent range before settling slightly lower. Bears should be increasingly cautious as the neutral clos...
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.