We see today's upturn of grain and soy futures prices as acknowledgement that yesterday's stocks and prospective plantings really did little to change the fundamental outlook for the balance of 2014/15. General Comments Market participants had more time to digest and dissect USDA's prospective acreage and stocks reports overnight, and some apparently thought yesterday's smashup of the corn and wheat markets was overdone. It is also the beginning of a new quarter in the financial year, a time when index funds often adjust their balancing and investor funds try to figure out how to produce positive results for the next quarter. Grain and soy futures prices were soft early, but they quickly responded to a surge of noncommercial buying during...
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.