Soybeans Last week was again volatile for South American soybeans. Brazil’s basis continued rising until USDA shocked the markets on Thursday with sharp soybean acreage reductions. The CBOT’s immediate reaction was to jump 20-30 cents for most positions, and that stopped all activity for basis. Meanwhile, traders were just preparing to leave for the long Easter weekend. As a result, there was not much intention to trade in the cash markets, especially considering that basis could drop with the board being so strong. Farmer selling was also slow/small for similar reasons with farmers waiting for markets to catch up today. Brazil still has room to sell soybeans for April, although potential volumes are limited. However, some Chi...
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.