THE OPEN November beans: 2 1/2 higher December meal: .30 lower December soyoil: 20 higher December corn: 1 lower September wheat: 3 lower The markets opened as called with prices trading both sides of even for all the markets. The Dow was also lower in a risk-off day that spilled over into Ags. Weather is a non-event right now, though the International Grains Council did cut world wheat production by 6 mmt and corn by 3 mmt. Traders continue to watch for signs of more bean purchases out of China, but they could also buy pork, milo, and corn with no tariffs. Traders continue to spread September contracts forward. As the day progressed, it felt like mo...
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.