With the stronger U.S. dollar, weaker soybeans and corn plus the absence of any supportive news or inputs, today’s stronger wheat market seems hard to rationalize. General Comments Soybean and corn futures engaged in a sort of Turnaround Tuesday performance, while wheat futures bucked that trend by shaking off earlier weakness to close higher. Wheat’s higher close came despite a pre-Fed rally that pushed the U.S. Dollar Index back above 98.25 amid widespread expectations that the federal funds rate will be increased by .25 percent at the close of the Federal Open Market Committee (FOMC) meeting tomorrow afternoon. Expectations of a hike must surely be priced into the U.S. dollar by now, and the financial markets’ initial reaction may well...
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.