The stealthy wheat market has staged a technical "adjustment." Chicago wheat futures have mirrored the corn market by closing higher for the last six trading days in a row. The December wheat contract has gained 30 cents during this period. General Comments There is something of a mini-debate about the extent to which USDA/NASS will boost its estimates of the national average yields for the 2014 U.S. corn and soybean crops in Friday's WASDE. Everyone agrees that NASS's yield estimates will be raised from September's 171.7 bushels/acre for corn and 46.6 bushels/acre for soybeans, but there are considerable pre-report differences of opinion over the size of the increases. Fueling the debate are the daily off-the-combine yield reports that h...
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.