General Comments USDA's Acreage report was considered bearish, but the quarterly Grain Stocks report was considered bullish for corn and soybeans. The result was a single-day 39.5-cent increase in the July/December corn spread to $1.6825/bushel, and a 39.25-cent increase in the July/November soybean spread to $3.1250/bushel. Bullish traders who are holding positions in the July corn and soybean contracts may assume that they are in the catbird seat, but the July contract for each commodity is the only one rallying (only the July meal contract really seemed to trade with firm resolve).The larger-than-expected corn acreage in USDA's Acreage report was a surprise. Corn acreage was reported as 97.38 million acres, which was not only larger 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.