The markets are relatively stable, but the trade is sputtering as they assess current valuations amidst such uncertainty. The stability and uncertainty results in days like today where volumes were down, and large swings get punished. The open mimicked the overnight higher close but then it backed off on caution and was turning negative by late morning. For example, soyoil set a record high but then closed negative. There are conflicting currents as outside money still wants in on an inflation hedge, but longs are going to want to get out ahead of a three-day weekend. Wheat remains undergirded by the Russian-Ukraine situation while corn and soybeans are supported by South American weather. Over the past five days of trading, March SR...
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.