It is the last full trading day before the sometimes-eventful June planting and quarterly stocks report. Based on the average trade estimates of acreage and stocks, tomorrow’s reports are viewed as a quiet affair. Corn and soybean acres are expected to be slightly higher than the March numbers but not by enough to move markets. Stocks numbers are expected to be large, which tends to rein in market reactions. We should mention that when the market expects no surprises from an important USDA report, price reactions to the unexpected can be severe. However, we do not expect that tomorrow. In overnight trade, grain and soy prices did not venture far from Wednesday’s closes. The bias was very mildly toward the downside. Prices were...
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.