The market has much uncertainty to grapple with – a looming Midwest winter storm, U.S. – China trade negotiations and, until noon today, a USDA October WASDE report. USDA did not disappoint the bears. Prices had been moving higher the past few days, but USDA dashed the expectations of those expecting smaller crops, especially corn. The surprise was a 28 percent reduction in soybean ending stocks, and some would say a surprise was barely dinging the corn crop smaller. The calls were nearly all higher as the day began but it was if the funds already knew the contents of the report because they were selling corn and buying beans. It should have been a good day for the soybean complex but only soyoil could hang on to the day&...
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.