Less than one month ago, the HRW and HRS leading contracts were at their record lows. The SRW leading contract hit its record low at the start of the marketing year. All three contracts are up as cumulative U.S. wheat export bookings are 7.3 percent ahead of the same period last year. However, the export picture changes as one looks at each class of wheat. For example, cumulative SRW bookings are 4.7 percent below a year ago and behind the five-year average. Cumulative SRW exports are down 41.2 percent with weekly net export sales trending down. Yet, the SRW price has climbed the most from its contract low in June, up 15.6 percent. Meanwhile, HRW weekly outstanding export sales are up 35.1 percent year over year and cumulative booki...
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.