Traders holding short soybean positions before tomorrow’s USDA WASDE report should not be overly concerned by today’s bullish price action.Comparing the following factors, today’s higher price action should not be too intimidating for anyone holding a short soybean position before tomorrow’s USDA report.Potentially Bullish Factors While Conab’s estimate of Brazilian production (scheduled to be released tomorrow) could be conservative, that possibility seems already anticipated by market participants. Brazil will receive more heavy rains later in the week, but soybeans (particularly in sandy soils) are not allergic to water. Prolonged and persistent saturation is necessary to truly damage production, and leaves dropping is not an indicator...
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.