The CBOT finished mostly higher for the day with the soyoil contract posting the only declines of the major ag products. Soybeans and soymeal both ended higher in consolidative trade with the March soybean contract seeming to form a bullish pennant formation on its chart. The February WASDE report is the market’s nearly sole focus right now and traders are positioning for deep cuts to the South American soybean and corn crops. Wheat markets do not hold the same clearly bullish outlook that corn and soybeans do, but it’s notable that CBOT, KCBT, and Matif markets all rallied from key technical support points Thursday and Friday. That suggests the market may be turning more bullish and could be an indicator of emerging bullish sen...
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.