Corn and soybean futures were both lower overnight, while wheat futures found support after consecutive down days. The forecast remains favorable for spring crop planting and development, and USDA’s recent announcement that prevented planting acres will be ineligible for Market Facilitation Program (MFP) payments is encouraging farmers to sow seed. That is taking away perhaps the biggest bullish factor for the corn market. The next most important supply-side factor is yields, which still have plenty of time to develop. The weekly Export Sales report featured large cancellations of corn purchases, a development certainly bearish that market when combined with a 55 percent reduction in weekly exports. Soybean exports were up versus the...
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.