April could be one of the most volatile months of trading for 2021. Last week’s reports certainly surprised the market and traders are once again bracing for the April WASDE that will be released Friday. Typically, the April WASDE isn’t a major market-moving report, but this year could be different given the market’s extreme sensitivity with a low soybean carry-out figure. Traders were both reacting to last week’s reports as well as positioning for Friday’s WASDE during Monday’s trade. Old crop corn futures were lower as pressure mounted from bull wheat/corn spreads and from unwinding of existing old crop/new crop bull corn spreads. Soybeans and soyoil posted modest gains but traded relatively beni...
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.