Rain in Argentina is threatening the wheat and barley crops, while the country’s corn market remains well supplied and low priced. Meanwhile, interesting market spreads are developing between South American and U.S. soybeans. Soybeans Global Market Spreads The soybean market was active for spot positions last week with trades for U.S., Brazilian and Uruguayan origins. Chinese crush margins were good in the first half of the week at about $23-25/MT on spot positions, but rising CBOT prices in the latter half pressured margins somewhat. The main activity was concentrated in the Pacific Northwest (PNW) with around nine vessels traded from there at $1.45-1.50X CNF China.The PNW has had clear advantage as the cheapest origin for the past seve...
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.