Wednesday’s CBOT trade was almost entirely focused on positioning for the January WASDE that will be released at noon Thursday. For corn and soybeans, that meant cautiously higher trade with the markets following through on Tuesday’s late-day rallies. The soybean rally came despite weaker soyoil values that were pressured by spread trade and fund liquidation. Wheat, on the other hand, rallied in a notable round of short-covering after the markets plunged to new selloff lows yesterday. Other than the acreage outlook for the 2023/24 U.S. winter wheat crop, wheat traders will be focused on the WASDE’s adjustments to international balance sheets, with the most bullish expectations being for Argentina. Funds were net buyers for...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.