The CBOT rallied on Friday with soybeans and soyoil posting fresh contract highs while corn futures came within 3¾ cents of their contract high. Even wheat got in on the bullish action, with a flurry of international purchases outweighing the recent thaw in Russia/Ukraine/NATO tensions. Soybeans were the upside leader with USDA confirming that China and Mexico continue to book the U.S. oilseed amid declining South American crop prospects. Chinese crushers were reportedly short-bought heading into next week’s Lunar New Year holiday and have been aggressively trying to fill those needs. U.S. cash corn and soybean prices are rising amid a surge in export demand and logistical difficulties brought on by cold winter weather...
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.