Demand for U.S. corn appears threatened by the Chinese rejections of corn shipments containing the not yet approved MIR162 GM event. Traders fear the volume of rejections will soon escalate. General Comments Trading overnight featured lower prices and moderate volume, but it did not quite prepare the market for the avalanche of selling that dominated the day session. Nor was today's weekly export sales report a harbinger of what was coming either. Last week's corn sales were about as expected, totaling 804,800 MT of which 695,400 MT were old crop. Soybean sales reached 1.5225 MMT including 1.1086 MMT of old crop, double what the trade had expected. Wheat sales of 382,900 MT were disappointing, but, in any case, pre-report expectations for...
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.