The CBOT was mostly higher with short covering, bargain buying, and end-user pricing supporting futures. China has resumed its normal new-crop purchase of U.S. soybeans, and that underpinned the soy complex on Monday. Weekend rains were mostly favorable for the U.S. summer crop-growing region, except for isolated flooding and, of course, persistent dryness in the West and northern Plains. Brazil is still struggling with drought and as of last night, frost/freeze risks as well. The U.S. and Brazilian weather issues helped put a bid under the CBOT and sparked a new contract high in spring wheat futures. Traders are preparing for Wednesday’s Acreage and Grain Stocks reports from USDA, both of which often hold significant surprises...
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.