Markets were lower in the Sunday evening session as the hangover from last Friday’s bearish USDA corn and soybean numbers continued. The wheat numbers that day were actually supportive, but wheat was the weakest market overnight and again today with double-digit losses throughout most of the day session. Funds were long going into the reports and have been heading to the sidelines. They were reportedly long 52,000 contracts of Chicago wheat to start this week while short 67,000 contracts of corn and 85,000 contracts of soybeans. Weather was also slightly better in today’s extended outlooks. Temperatures will be back to normal or even below with normal precipitation. However, they are expected to heat up again next weekend. Ther...
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.