The day started with skepticism that there would be any breakthroughs other than perhaps soyoil. Most of what is known has already been priced into the market. The lack of surprises should mean bouncing along at the top of trading ranges on year-end holiday low volumes for the next several days. Indeed, the session opened on lower volume but then popped as reports reinforced the bullish side of the equation. The export sales report was reassuring, the sinking of the dollar continues, South American weather still looks at an entrenched classic La Nina situation, and Argentine strikers are keeping the door open for suppliers elsewhere to fill global demand. So instead of a dull ride into the new year, today delivered new contract highs for s...
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.