Soybeans and corn were all slightly higher overnight, led by 5-6 cent gains in soybeans. Markets opened stronger than that this morning and stayed that way throughout the session. There was optimism around the markets that the Saturday evening meeting in Argentina between the U.S. and China will conclude with some sort of arrangement. Funds are quite heavily short soybeans and wheat while about even in corn. They were doing some short covering today. The most important news concerned what might happen in those trade talks as well as at the general G-20 summit. Today is also the last day of November and first notice day for delivery against the December contracts. Trading volume was light across all agricultural markets, but that might not...
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.