The strengthening of the real is encouraging Brazilian soybean producers to market slowly. Meanwhile, Chinese buyers seem primarily interested in purchasing deferred positions, which is what South American exporters are reluctant to offer because of limited farmer selling. Corn: Unexpectedly Strong Basis The present strength in South American basis seems to be taking some market participants by surprise. May pricing for South American corn is largely covered, and logistics for the near term are limited. Adding to logistical concerns is a strike that was just initiated by river channel workers seeking higher salaries. If prolonged, it could affect the loading of vessels upriver. Such action raises market uncertainty, and basis on deferred...
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.