THE OPEN Nov beans: 1/2 higher Dec soyoil: 10 higher Dec meal: 1.00 lower Dec corn: 1 1/2 higher Dec wheat: 1/4 lower The markets opened in line with expectations as funds took to a bit more evening of their positions heading into Thursday’s report, mostly covering corn. Higher oilshare was also a key feature as traders bought soyoil/sold meal. The November roll begins today with traders spreading forward or liquidating, while December contracts also begin to experience fund adjustments. Comments from the White House as to trade negotiations were more optimistic than not, with Econ Advisor Kudlow stating this morning that US negotiators were open to whatever the C...
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.