Markets closed slightly higher in the Thursday night session on very light volume. They then opened firmer this morning with soybeans quickly jumping to gains of a dime or so. The U.S. government remains in a partial shutdown. To put that in perspective, 75 percent of it is funded and operational. Unfortunately, the USDA reports are considered nonessential, which means none (or only a few) will be released. No daily export sales announcements will be made, and the website is “dead” until a funding deal is reached. As a result, the markets are somewhat in the dark and searching for any clues that China has been active in the U.S. market. They are left to look at South American weather and the crazy world of U.S. equity markets...
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.