Selling pressure in overnight trading continued during the day session with November soybeans plunging as much as 22 cents to $9.555, finally filling the old chart gap beginning around $9.64 that dates back to early July. General Comments Soybean and corn prices were pressured in overnight trading by a line of light-to-moderate rain showers that were moving eastward through Iowa and southern Minnesota. It was a fresh reason to sell soybeans, especially for the longs. Overnight trading volume was active again. Ironically, the new weekly drought monitor showed a new spot of drought rated as severe in central Iowa even as the rains continued to fall this morning. The measured rain totals were fairly modest, ranging from about one-quarter to...
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.