It was a quiet, low volume overnight session, and perhaps the most telling feature of today was the very narrow daily trading ranges across the board. Outside markets provided little or no inspiration for grains or the soy complex either. General Comments It was a quiet, low volume overnight session in which the soy complex tried to recover some portion of yesterday’s losses while both corn and wheat futures languished around or slightly below Tuesday’s closes. Dalian soybeans, meal and corn contracts finished lower again, but Malaysian palm oil closed up 31 ringgits, clawing back some of its two days of losses. Reports have India seeking palm oil in the wake of this week’s price drop for shipment early in 2017.Trading activity continued...
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.