USDA/FAS reported export sales for last week of about 1.878 MMT of old crop corn and 105,700 MT of corn for 2014/15. The old crop sales exceeded by far what the market expected. General Comments The U.S. Commerce Dept. reported that the U.S. GDP expanded at an annualized 3.2 percent clip during the fourth quarter of 2013, which is right in line with analysts' expectations. Consumer spending was the biggest positive factor. The good GDP number and some good corporate earnings reports pumped up U.S. stocks with the Dow up 109 and the Standard and Poor 500 up 21 points. The U.S. dollar continued to gain on most currencies while gold fell about $19. WTI crude oil also gained 87 cents to close at $98.23 on signs of good demand. Copper finished...
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.