U.S. farmers continued to reward this week's price rally by selling significant quantities of corn, soybeans and wheat, and this has pressured cash basis bid levels. General Comments Financial markets traded unevenly today after yesterday's big rebound. The U.S. dollar index rose slightly, but stock indices eased lower after more disappointing signals about the U.S. economy. April crude oil dropped $1.88 as Ukrainian fears subsided and U.S. crude oil supplies grew during the last week. Gold prices were close to unchanged. Copper prices slipped on fear that the U.S. economy was not growing fast enough to spur demand. China announced that it set a goal of 7.5 percent growth in GDP during 2014 and promised to pursue economic reform.Except fo...
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.