U.S. grain and soy futures markets, particularly Chicago wheat futures, are as sensitive to changing U.S. dollar values as other commodity markets and more so than many. Today's price action for wheat, corn and soybean futures markets is a good example. General Comments Today was the day of the U.S. dollar. A sharp and unexpected plunge against the euro and other major currencies caught many traders leaning the wrong way. The U.S. dollar's steep drop sent buyers into numerous commodity markets with many trying to cover short positions. The U.S. Dollar Index closed down 145 points or 1.5 percent. At its day's low, it was off 176 points.There appeared to be two factors sending the U.S. dollar into a tailspin. First, it was reported that con...
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.