Quiet and slightly firmer overnight trade turned into a rout mid-morning today when wheat and soybean futures broke some key technical support and plunged another level lower. Corn tried to resist the collapse. Meanwhile, the Pro Farmer tour released its results after the close. General Comments Quiet and slightly firmer overnight trade turned into a rout mid-morning today when wheat and soybean futures broke some key technical support and plunged another level lower. Corn tried to resist the collapse, but it didn’t really have a chance with Chicago wheat down 15-16 cents.The Pro Farmer tour wrapped up yesterday, and the results were released after the close today. The market was expecting a slight reduction from USDA’s August corn yield...
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.