Well, it finally happened! There was a broad-based rally of grain and soy prices across the board with one exception. Overnight trade was slow with low volume, offering no sign of the day session excitement to come. General Comments Well, it finally happened! There was a broad-based rally of grain and soy prices across the board with MGEX spring wheat the only exception. MGEX December finished down 15.25 cents, the lowest close in two months. Unexpectedly large deliveries of 1,141 contracts against MGEX September had MGEX longs heading out the door. Overnight trade was slow with low volume, leaving prices barely changed and offering no sign of the day session excitement to come. However, the day’s trading began with enough buying interest...
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.