General Comments Technical traders who observed the gap lower in December corn on Monday attempted to drive the contract down even more, but punching a hole through $5.00 did not sink the boat. Instead of triggering sell stops, such action seemed to be treated as a buying opportunity. As noted in the proceeding analysis piece, end-users of corn were offered the opportunity to extend hedge buying through 2014 at a price below $5.25/bushel. Such a price was not even conceivable a few months ago.Indecisive candlestick patterns were displayed today in December corn, December meal and November soybeans. The December soyoil and wheat contracts look like they could still have more downside, however, these contracts are likely to be followers. 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.