General Comments Wheat, corn and soybean marketers were all very firm in the evening session and held most of those gains until prices started to falter around mid-morning. Corn and soybean futures traded back up to almost exactly the same technical resistance levels very early this morning, but couldn't penetrate them and gradually started to slide backwards after that. There were more rumors of China buying U.S. soybeans overnight, but none were announced by USDA. The Pro Farmer crop tour will release their overall results after today's close, and that little bit of uncertainty on a Friday might have been enough to keep buyers cautious. Options on September futures contracts also expired today, and that sometimes plays a role in how ma...
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.