THE OPEN July beans: 4 3/4 higher July meal: .80 higher July soyoil: 25 higher July corn: 1/4 higher July wheat: 2 3/4 lower The markets opened as called but turned two-sided after the initial strength led by weaker wheat and meal. Oilshare traded higher with soyoil once again making new highs for the move up. Since it's Friday, one did see a mixture of profit-taking in wheat and beans, with short-covering in corn on the back of higher crude. Corn and soyoil remained the key beneficiaries of a higher energies market. Buy corn/sell wheat and bean spread trade was the key feature. Further buy-stops were triggered for corn and beans, while sell-stops hit the wheat market. &...
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.