The CBOT rallied sharply overnight with corn and soybeans posting new contract highs. March corn traded to just under $5.00/bushel while soybeans neared $13.50. Funds were net buyers in a heavily traded overnight session with disappointing weekend rains in Argentina and higher palm oil prices fueling much of the rally. The day session saw those gains quickly dissipate with corn and soybeans turning lower on heavy profit taking and position liquidation. The markets were extremely overbought, and most were expecting a correction at some point. Soy products turned sharply lower and posted reversals for the day with Argentina’s crushing operations resuming after the strikes. December 2021 corn futures slipped ¼ cent l...
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.