The CBOT ended the week on a quiet note with most of the volume in grains related to rolling September positions forward ahead of first notice day on Tuesday and Friday’s September options expiry. Fed Chairman Powell’s Jackson Hole comments sent the dollar lower, which supported some CBOT trade. Funds were net sellers for the day, liquidating some 7,000 contracts of corn, 14,000 contracts of soybeans, and 6,000 wheat contracts. The market is watching the coming week’s weather carefully, which will include hurricane-driven rains for the Delta and Ohio River Valley while another storm system pushes across the northern Plains and Corn Belt. Only the southern Plains, PNW, and California remain dry this week. Corn and so...
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.