Total U.S. corn export commitments have now reached USDA's latest forecast for all of 2013/14, actually 2 million bushels above it with five months of the year still to come. General Comments Outside markets were mixed and generally unexciting as the Ukrainian situation seems to be safely staying in the hands of the diplomats. U.S. stocks did not change much. The Dow traded to a new record high during the session, but it closed down less than a point and about 4 points below its record set back on 31 December. Precious and industrial metals closed lower, but the U.S. dollar index is higher as is crude oil, which climbed back above $100. All of this left grain and soy markets to trade on their own merits, or lack thereof.The old crop soybe...
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.