The CBOT traded mostly flat today with conflicting impacts of slow corn exports, steady soybean shipments, weather that is favorable in the near-term but deteriorating in the long-run and improving dryness in South America. The bottom line is that the U.S. and the world have enough corn/soybeans/wheat that demand does not need to be rationed but additional harvested bushels aren’t so burdensome that the market needs to signal combines to stop running. The market is now in a phase of continual, minor adjustments to slowly changing supply and demand forces. Outside markets were higher with a boost from Q3 earnings while crude oil got a boost from EIA’s report that showed a 1.7-million-barrel decline in crude oil inventories...
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.