The CBOT was expectedly mixed ahead of first notice day and the USDA’s two major reports tomorrow. Traders were adjusting positions and paring back risk heading into the reports, with open interest declining. Soyoil lead the way higher overnight, which helped put a bid under the soybean market, despite analysts’ expectations for a moderately bearish report. Corn gained on wheat with the Minneapolis wheat market forming a major key reversal in the afternoon. Technicals matter little ahead of major fundamental reports, however, and the day had a feeling of quiet consolidation. Funds’ recent selling has taken most of the weather premium out of the market, which means it can easily be added back on a bullish report or a neutra...
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.