Wheat traders seemed put off by the fact that USDA actually raised its estimate of U.S. ending stocks, although 10 million bushels one way or another does not mean much with over five months of the crop year still to come. General Comments With the USDA December WASDE coming out in the midst of the day session today, grain and soy markets were understandably tentative overnight in trading volume that was barely average. Corn and soy prices strengthened on mostly technical short covering during the early portion of the day session with session highs reached shortly before the report was released at noon EST. Traders quickly speed-read the numbers and decided that USDA's conclusions mostly met expectations and therefore provided no reasons...
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.