General Comments Crude oil has had a rather incredible trading range since the agricultural commodity markets closed on Thursday. Rumors of an oil pipeline explosion in Saudi Arabia sent crude oil futures soaring by more than $3.00 a barrel last yesterday afternoon. When the rumors could not be confirmed, crude did back off. Crude was sharply lower most of today on denials by Saudi Arabia that such an event had occurred. In the meantime, however, crude oil futures traded at their highest level since back in 2008 and likely crushed anyone who was short with buy stops above the market. The weakness in crude coupled with the dollar index trading 0.5-0.6 percent offered no support to commodities. That didn't stop soybeans and Mpls wheat futu...
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.