Wheat tried to mount a small rally today in sympathy with higher corn and soybean markets, but it never found enough buying to spark much of a move. There were many different forces tugging at markets this last trading day of January. General Comments There were many different forces tugging at markets this last trading day of January. U.S. and world financial markets were all very strong. The Bank of Japan adopted a negative interest rate policy that ignited Asian and European markets. U.S. gross domestic product (GDP) growth was just 0.7 percent. However, jobs growth and the Chicago Purchasing Managers Index (PMI) were much better than expected, and that ignited the U.S. market. Japan’s announcement also pushed the U.S. dollar to gains...
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.