The corn markets are still having some harvest pressure. Prices didn't move downward as expected, and exporters are still paying 2,500 ARS/MT (above $140/MT) even after CBOT prices fell last week. The FOB equivalent did rise, though, after one event occurred. Soybeans Basis have been rising nonstop in all origins during the past few weeks. Chinese crush margins have improved, thanks to the CBOT’s fall and an appreciation in the RMB (Chinese currency) against USD, and they are currently around $20-22/MT. That has fueled Chinese demand, and basis at origins jumped higher. Brazil Brazil almost ran out of offers because of the real’s strength, and the market switched its focus to the U.S. (Gulf and PNW) as well as some cargoes from Argentin...
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.