General Comments There is not much to say about today's grain and soy markets except that wheat reacted to bearish numbers, and the other markets reacted to wheat. Outside influences were mixed and had no impact today. Stocks closed higher with the Dow up 79 points on faint signs of progress in avoiding the cliff, the dollar index was lower, and crude oil rose a modest $0.23. The Fed's FOMC starts a two-day meeting today from which no changes are expected.The 50-million-bushel cut in USDA's estimate of U.S. wheat exports for 2012/13 and the resulting increase in ending wheat supplies came as something of a surprise to long-leaning funds apparently, and they took it as a signal to bail out or at least reduce long positions. As we note bel...
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.