The market remained on its relatively bearish trend today with managed funds selling while many fundamentalists believe they will just have to eventually buy them back but at higher prices. Farmers worldwide hate selling into a declining market and their reluctance creates angst in the futures/cash spread. So much is related to the weather and while the forecast for rains is more bearish than the past few weeks, the actual coverage and amounts are left to be seen. More importantly, the western side of the production belt will likely be missed and weather is far from perfect – just ask farmers in the far north and in the Delta. For those areas about to receive heavy rains, there will be low lying area ponding. Then there is the...
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.