General Comments The soybean market extended its rally and closed higher for the eighth straight trading day. Corn followed to post a higher close for the sixth day in a row. Wheat markets finished the day mixed with CME and MG wheat showing small gains while KC HRW futures closed slightly red. Investment buyers and black box traders were there once again to buy soybeans, soymeal and corn, but they largely ignored wheat today.Testifying before a House committee, Fed Chairman Ben Bernanke spoke cautiously of a slightly better economic outlook with unemployment still dragging. To the disappointment of many, he gave no hint that the Fed planned further monetary accommodations such as a QE-3. Soon after his testimony the U.S. dollar shot hig...
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.