General Comments Markets were quietly steady to higher overnight following yesterday’s strong closes in soybeans that pulled corn higher as well. Soybean futures continued to lead the markets higher today after yesterday’s positive USDA numbers. Weekly export sales were released today after a one-day delay due to the holiday last Monday, and they were better than expected for soybeans and corn at just over 1.7 MMT and almost 1.6 MMT, respectively. Wheat sales were small, however, at only 175,000 MT. There were no daily sales reported this morning. As the five-day expected precipitation map below indicates, the weather outlook for the Corn Belt still looks damp. This will cause intermittent corn and soybean harvest delays...
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.