THE OPEN Jan beans: 1 lower Dec meal: 1.00 lower Dec soyoil: 16 higher Dec corn: 2 higher Dec wheat: 3 higher Prices opened as called with light liquidation in beans, short-covering in corn, and bull-spreading in grains. Trade stories took a bit of a more pessimistic turn today as China is reportedly asking for additional tariff relief beyond what has already been agreed upon in phase one, which was the cancellation of planned tariff increases from last month, along with possibly cancelling Dec 15 tariffs. The lack of a concrete date and more concerns over trade advancement triggered downside price action, taking prices to lower levels of support in corn and beans. Buy wheat/sell corn and buy soyoil...
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.