The soy complex rallied sharply on Friday buoyed by bullish fundamental factors and strong technical indicators/buying. Malaysian palm oil futures posted a new 10-year high overnight, which lent support to the soyoil market. Corn followed soybeans higher but lacked much enthusiasm. Wheat was the sell leg of corn/wheat spreads and did comparatively little this afternoon. Funds were net buyers in the soy complex and corn, while remaining relatively flat in wheat. Commercial selling was light, and end-users were reluctant buyers on breaks. There is less than one month to go before the practical end of the Argentine soybean/corn planting window. WPI sources say Argentine farmers view 10-15 January as the cutoff date for seeding and just under...
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.