The grain and soy rally completely stalled out during the day session as the U.S. dollar continued to climb back from yesterday's beating. Soybean futures prices swung in a 24-cent range today. General Comments The overnight session opened quite strongly as short covering in response to the U.S. dollar continued to dominate. Soybean prices jumped 12-15 cents, May corn made it up to $3.80, about the midpoint in its trading range of the last two months. Chicago May wheat tapped up against its 50-day moving average. Trading volume was quite large. However, the comeback slowed when the U.S. dollar started to reclaim some of yesterday's loss.The grain and soy rally completely stalled out during the day session as the U.S. dollar continued to c...
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.