Soybean prices were supported by the weaker U.S. dollar and the potential for labor problems in Argentina as farmers, processors and exporters try to handle the huge record crop. Meanwhile, the July contracts of all three wheat futures markets closed higher. General Comments Economists had expected that the U.S. economy slowed during the first quarter of 2015, but the Commerce Dept. reported this morning that first quarter gross domestic product (GDP) growth was well below expectations. In fact, it hardly grew at all. Pre-report guesses were that it rose 1.0 percent. However, the report showed growth at a mere 0.2 percent due to shrinking exports and lower business investment. That compares to growth of 2.2 percent in the fourth quarter o...
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.