The Market Soybean and soymeal futures experienced a volatile week of trading but for soyoil it was all to the topside as it chased a rebound in palm oil values. Despite testing 2-month lows, November soybeans added $2.25 this week, December soyoil gained 5.04 cents or 6 percent, but November soymeal lost $2.30/ST. Still, there is commercial demand for meal. Soybeans are still trading above $13/bushel despite some sobering conditions, and even post above $14/bushel for the July 2023 contract. The bearish influences of a strong dollar, slower export sales, rising barge rates, a huge impending Brazilian crop, and recession fears compelled the funds to trim longs by 23 percent to 24,512 in the week to 4 October. Next week’s USDA...
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.