Markets were quiet overnight and mostly lower with little news ahead of today's USDA WASDE report that was more positive than expected. General Comments Markets were quiet overnight and mostly lower with little news ahead of today's USDA WASDE report that was more positive than expected. It gave us rallies in wheat and corn when the numbers were released, while soybeans turned decidedly weaker. The report is covered in detail elsewhere in today's issue.Outside markets were mostly neutral today with crude oil hovering near unchanged. U.S. financial markets were mixed most of the day, but turned slightly higher late in the session.Note that USDA changed the export inspections numbers from million bushels to metric tons (MT) this week. Corn...
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.