After soy and corn prices recovered yesterday from deep early losses to close solidly higher, markets were unprepared for the unexpected rains and milder prospects beyond this week’s heat. Recent days have seen prices swing up and down rather wildly as each weather model run was dissected. General Comments Yesterday’s unchanged and still lofty weekly corn and soybean crop condition ratings should not have surprised anyone following last week’s weather. When better-than-expected overnight rains and predictions of somewhat cooler temperatures next week were added, speculative longs were caught out of step. This week will see oppressive heat over the Plains and much of the Midwest, but improved soil moisture conditions bolstered by rainfall...
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.