General Comments Grain and soy futures staged a strong price rally overnight as prospects for tight supplies again outweighed anything the bears had to offer. Soybeans gapped higher, and September soybeans pushed to $17.9475, a new record-high soybean price before profit-takers sold prices off their highs. Although soybean prices were not quite so extreme during the day session, prices for soybeans, corn and wheat started out the day session with good gains, and the September contract did set a new high close for a spot contract. However, by mid-session the higher prices once again attracted selling by longs presumably cashing profits. The November and January contracts closed well below their session highs, gaining 11.75 cents and 15.25...
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.