The CBOT found continued selling from Tuesday’s market implosion with corn and SRW wheat seeing the brunt of the pressure. Corn futures settled lower amid continued forecasts of Midwest rains and the December contract completely erased its post-Acreage and Grain Stocks report gains. The soy complex traded slightly higher with soyoil leading the way, but the day’s price action left little to note on the charts. There is a growing feeling that this week’s weakness has flushed out most of weak longs (and plenty of strong longs as well) from the market, which should create more sideways trade as traders prepare for the USDA’s July WASDE on Monday. The two-day break in corn futures has seen end-users extending cove...
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.