The CBOT was mostly lower to end the week with cattle and soyoil the only major markets to post gains. China is on its Dragon Boat holiday, which kept markets quiet as few developments in the cash market were expected. USDA’s report of old crop corn sales to unknown destinations offered some brief support on Friday, but old crop corn futures posted 3-cent losses anyway. Position liquidation based on Russian-Turkish talks about a Ukrainian grain export corridor was once again the primary driver of the day’s grain trade. For the day, funds are thought to have sold some 12,000 contracts of soybeans, 5,000 contracts of corn, and 6,000 contracts of wheat. Funds were also net sellers in the soy product markets and sold 3,000 co...
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.