Several factors combined to pressure corn again today. Wheat lumbered along in step with the corn market, while its weekly export inspections were in line with estimates. General Comments It was an uneventful but lower day to start the week. The market was steady overnight with soybeans higher, although everything gradually weakened throughout the day. The USDA reports (detailed in a separate analysis) are scheduled to be released tomorrow and will include the winter wheat production estimate as well as the first 2015/16 supply and demand numbers. Weather patterns seem to be switching from the West to the East. 6-10 and 8-14 day forecasts now look warm and dry in the East and cold and damp across the West, including California.U.S. finan...
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.