CBOT trade was two-sided with an active morning fading into lackluster volume by afternoon. Wheat and soybean slipped lower while corn finished higher as funds covered a small part of their short position. It seems the markets are increasingly on-hold waiting for clarity on weather around the world. Corn futures and European/Black Sea wheat values continue to rally, but enthusiasm for higher prices is flagging. As a reminder, the index fund roll is being executed this week, which means spreads will be less reliable indicators of commercial pricing activity. The one-week U.S. weather forecast includes heat for the Rockies and western portions of the plains while the Corn Belt and Ohio River Valley remain cool. Tropical storm Cristobal...
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.