If smaller U.S. supplies and a smaller carryout cannot stop the long-term U.S. wheat markets’ bearishness, it is fair to ask what can. Some potentially important signs of change are actually beginning to show.We have occasionally noted that wheat futures markets seem to have no friends. It seems like Chicago SRW and KC HRW futures markets set new low prices nearly every day. Even the MGEX spring wheat futures market, which rallied so stoutly earlier this summer when it appeared that severe drought in the Dakotas and eastern Montana would cut sharply into production prospects for the 2017 U.S. crop, seems to have lost its way recently. This has occurred as the influence of the chronically bearish winter wheat markets seems to outweigh whatev...
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.