Soybeans Market Overview Last week was another that featured weaker Brazilian basis pushing levels lower with each passing day. The Chinese are waiting for margins to rebound or an announcement of a trade deal with the U.S., which seems unlikely in the very near term. In fact, any such agreement should not substantially change Chinese margins since Brazil is already very close to U.S. levels for December-February and cheaper from March onward. Sellers are presently offering January Brazilian soybeans at 160H CNF China, while U.S. prices are around 130H. A potential trade agreement, however, would bring a rally in U.S. basis that would put that origin at parity with Brazil, although it would have no impact on March, April and May shipment...
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.