Tuesday’s CBOT trade was all about positioning for Wednesday’s WASDE report. Corn and soybeans pulled back as funds pared bullish bets while wheat rallied on a surprising Stats Canada report. Funds were net sellers of some 16,000 contracts each in corn and soybeans while buying 8,000 contracts in wheat. Trade was active throughout the day but there was little additional technical information from today’s charts. Canadian all-wheat stocks fell to 15.5 MMT as of 31 December 2021, per the latest Stats Canada report. The figure was a surprise to the market and represents a 10-MMT decline from last December and was 2 MMT below pre-report estimates. Less surprising was the 7.5-MMT record low Canadian canola stocks, which...
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.