The CBOT traded a mostly higher day with corn and soybeans pushing closer to major resistance at $6.00 and $13.00, respectively. Funds were net buyers and a handful of buy-stops were triggered in both the corn and soybean markets as futures passed technically significant levels. Wheat futures were higher but lacked conviction, despite further escalations in Russia/Ukraine tensions. U.S. farmers were not significant sellers on today’s rallies but are rumored to have resting sell orders at or above $6.00 in corn and $13 in soybeans. Both corn and soybeans seem poised for an upside breakout, but a fundamental catalyst is so far lacking. Much of the Midwest saw exceptional windstorms in the past 24-48 hours, with the southern Plain...
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.