General Comments Weather during weekends in June typically is involved in futures price direction. This upcoming weekend is an example, as Midwestern farmers hurry to finish planting the remaining corn and soybean acreage. However, all week the two weather models have differed on the outlook for this upcoming weekend. They both foresee rain on Sunday/Monday but differ on where it will fall. The most likely scenario puts widespread showers over Iowa and Illinois. The models do agree that a high-pressure ridge forming in the Central Plains and moving eastward will bring summer-like temperatures to much of the Midwest next week. The warm weather will be welcome for crop development.It seemed like market prices shifted around with considerab...
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.