Soybeans The market was quiet last week with Chinese buyers generally uninterested in securing soybeans, despite good crush margins in China, especially for new crop soybeans. The Chinese are waiting for more clarity on the U.S.-China trade war negotiations as well as holding out for lower Brazilian offers. Looking at the forward curve and comparing different origins, Brazil is clearly the most competitive origin from February forward. The U.S. Gulf can compete on spot positions, though offers are not especially close to Brazilian levels. There were several cargoes traded from the Gulf last week at 177-178F CNF China for December shipment, while Brazilian soybeans traded at 190F. Once soybeans traded in the U.S., basis rose a few cents, g...
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.