General Comments If there is concern that USDA might further lower world corn production and ending stocks that are already just about the tightest in history, it was not reflected in today's futures market price action. Although prices held up in overnight trade and started out higher as the day session opened, the market soon slid into the red. Volume was moderate with the occasional burst of heavy trading. The pressure came from continuing fund liquidation, especially by funds that follow technical momentum indicators. Over all, funds sold a net of about 8,000 contracts today.Wheat also closed lower, but the soy complex bucked the trend and closed higher led by early strength in soybean oil. The complex was supported by the large volu...
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.