General Comments Overnight trade in grains and soy was mixed in terms of price action and light in terms of volume. However, by the time the day session began, traders were looking at a somewhat less favorable weather outlook and ever higher old crop bids for corn and soybeans. This pointed both old crop and new crop prices upward, and they stayed green pretty much all day. As expected, precipitation is due to begin over the Midwest tonight and linger until the weekend with temperatures cooling. However, weather wise, the real culprit is the GFS weather model, which now foresees another cold, wet period for the Midwest late next week (17/18 May) following a dry and quite warm period for the first half of the week. Traders are concerned t...
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.