The CBOT reversed course from its recent grains-rally-soy-complex-declines playbook as a (minor) thaw in Russia-Ukraine/NATO political tensions sent wheat lower for the day. Paris wheat led the way lower early Wednesday and all three classes of U.S. wheat futures followed suite. In contrast, the soy complex rallied sharply with 30+ cent gains in soybeans as news of worse-than-expected soybean yields in Brazil hit the market. Corn was, for the day, caught between the two influences but bull spreading and strong commercial demand helped push the feed grain higher for the day. Funds are thought to have bought some 15,000 contracts of soybeans today along with a modest 8,000 contracts of corn. Managed money sold some 12,000 contracts of...
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.