Dry weather this past weekend across northern Argentina and southern Brazil put ag futures markets in a bullish mood heading into the WASDE. Soybean and soymeal futures surged to new highs on the scattered weekend rains and the outlook for more hot, dry weather in the coming weeks. Wednesday’s WASDE is expected to see USDA cut the South American crops substantially and traders are positioning for a bullish report. Corn and wheat futures traded higher, with corn finding support from expectations of cuts to the Brazilin and Argentine crops in Wednesday’s USDA report and wheat largely rallying based on technical and spillover buying. The weekly Export Inspections report once again featured corn and wheat shipments missing th...
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.