General Comments Weather markets are notoriously fickle. Old crop/new crop inverses are treacherous especially as the actual time spread before the availability of new crop supplies narrows. Simultaneously, today's grain and soy markets demonstrated the truth of both statements.Weekend rainfall was deemed disappointing, but faith was restored by good rains over central and eastern Iowa last night. The overall weather outlook for the Midwest during the next 10 days remains unchanged. A stationary ridge over the western U.S. will keep the west-to-east jet stream flow favorably located over the Midwest allowing outbreaks of scattered rain every 2-3 days. The next outbreak is due Fri/Sat and is to include western Iowa. Temperatures should...
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.