THE OPEN May beans: 1 lower May meal: 1.40 higher May soyoil: 35 lower May corna; 2 1/2 higher May wheat: 5 1/2 higher The markets opened as expected with further gains in wheat on short-covering. Wheat prices corrected sharply after trading above moving averages, and as traders dial back in some weather premium. Corn and beans continued to see support heading into today's report, with Dec. and May corn setting new contract highs. Oilshare strengthened from the start of the day as the report was expected to continue to be friendly. At 11:00 central time, here is what the USDA had to say: U.S. Stockpiles (million bushels) 2020-21 &...
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.