Corn futures prices managed to move in a 6-cent range today as an increasing number of early yield reports are hinting that NASS may not be as far off with its last estimate. This added to the pressure of harvest on futures prices. Further pressure came from weaker cash basis bids. General Comments Overnight trade in grain and soy complex futures was light with prices mostly lower. Farmers with mature soybean and corn crops are rushing to harvest them, aided by the dry, warm weather over most of the Midwest. More reports of actual harvest experience are beginning to flow in, and their tone appears to be favorable. Many yield reports for both soybeans and corn are closer to last year’s results than expected, and they are providing support...
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.