The CBOT ended the week on a mixed note with wheat and soybeans grinding lower while corn saw mild strength. The big movers for the day were soymeal, which scored new contract highs not once but twice, and soyoil, which plunged lower amid a crude oil selloff. There was a strong sense of profit taking in markets other than soymeal and an air of caution as many markets are at or approaching major technical resistance levels. After a volatile week, traders had limited appetites for new risk and trading was generally a low-volume affair. This week’s trade took corn, soybeans, wheat, and soyoil to major technical support or resistance levels heading into Wednesday’s WADSE report. That means the report could have a larger-than-n...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.