Argentina still has some soybean cargoes available on July and August, and there will probably be some September as well. Today August is offered at 78 SQ, and sellers are offering September for 83 SQ, both for protein basis 33.5. Meanwhile, protein basis 34.5/minimum 33.5 is offered at 86 SQ for August. Soybeans Days of rain prevented completion of the harvest in Argentina, which is 98 percent finished, and more is expected for the coming weekend. Meanwhile, the country’s agriculture department raised its estimate of final production to 58 MMT this week versus 57.6 MMT in May, but most experts believe it will be closer to the 56 MMT range.Argentina was still active in the market this past week, selling one cargo for July shipment at 64 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.