General Comments It was a quiet session overnight with soybeans firmer and corn and wheat slightly weaker. That was the pattern throughout much of the day, except soybeans traded much stronger and wheat and corn much weaker than during the night. USDA announced more soybean sales to China this morning, which wasn't supposed to happen with China on holiday this week. Informa release its updated corn and soybean production estimate mid-morning and they were, as expected, bearish. We know there is a wide range of pre-report expectations ahead of next week's WASDE.The U.S. unemployment rate actually dropped below 8 percent despite a poor jobs report. That prompted a lot of discussion about whether or not the Obama Administration was fudging...
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.