Markets were quiet and somewhat weaker overnight, but this changed during the day session when corn and wheat turned and headed higher. General Comments Outside markets were mixed. U.S. stocks had an up and down day before closing with minor losses. The U.S. dollar index was up slightly. Gold and silver fell, but copper posted a small gain. NYMEX crude oil jumped $1.02 higher to close at $101.28 as stocks of crude at Cushing, OK, the main NYMEX delivery point, continued to drain toward the Gulf through the recently opened pipeline that is supposed to be the southern extension of the Keystone pipeline. The market also expects a pickup in demand this spring. Falling crude stocks at Cushing have supported NYMEX crude prices and narrowed the...
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.