Soybeans and corn rallied sharply to start the Christmas week as news from Brazil and Argentina remains supportive and there are few sell orders above the market to limit rallies. Markets opened weaker, however, as coronavirus news pressured London markets and U.S. stock futures. However, dry weather forecast for Argentina this week will continue to support soybean and corn futures. USDA did not report any daily “flash” export sales, but the Export Inspections report was bullish soybeans. Moreover, the ongoing strikes in Argentina are severely limiting soymeal and soyoil supplies. Funds were net buyers today, securing some 15,000 contracts of soybeans, 7,500 contracts of corn, and 5,000 contracts of wheat. Funds were mostly bull...
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.