General Comments Today's price action reminds me of an observation a friend once made about prices within a trend. My friend, a Chinese commodity trader, noted that when there is an extended trend, it is common to have repetitive four-day countertrend in price moves. When the market continues the reverse rally on the fifth day, then that price action could indicate a reversal of the longer-term trend. Alternatively, if prices turn and resume the direction of the longer-trend by the fifth day, then that temporary countertrend is normally finished. I have watched and noted the credibility of his observation over the years. The low volatility of the Thanksgiving holiday may lessen the consistency of my friend's observation, but I still have...
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.