Corn futures resisted the downdraft in wheat and soybean futures, trading slightly lower much of the day. However, markets did stage a minor recovery in the last 30 minutes. General Comments Markets were steady to a bit better overnight, but the direction changed quite dramatically at today’s opening. Wheat and soybean markets turned decidedly lower, while corn managed to lose just 1-2 cents. The early market chatter centered on how these markets might stabilize heading into next week’s Thanksgiving holiday in the U.S. Futures markets are technically oversold, and farmers have not opened their bin doors yet. Basis levels are still very firm. There were no export sales announced by USDA today, and no one expects any bullish surprises in to...
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.