The CBOT came back from its three-day holiday to find soyoil crashing lower under technical selling and position liquidation. The day’s soymeal trade had the feeling of a market ‘bubble” starting to pop and traders were aggressively getting out of positions. Gains in soyoil and higher crude oil markets, however, kept soybeans from posting more significant losses, though the soy complex declined to join a late-day rally in wheat and corn. Wheat and corn futures settled higher – and wheat with near-30 cent gains – as the conflict on the Russia/Ukraine border increased further over the weekend. Notably, corn and wheat futures rallied sharply about six minutes before the afternoon’s closing bell, with both ma...
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.