The CFTC was mostly lower to end the week with funds emerging as profit-takers in corn, soybeans, and Chicago wheat. The soyoil market scored a new contract high on news of a palm oil export ban from Indonesia, however, and the KCBT wheat market strengthened on continued poor weather forecasts for the U.S. southern Plains. Funds were net buyers of soyoil on Friday, adding some 12,000 contracts to their long position. For every other major ag product, however, they were net sellers. Funds liquidated 17,000 contracts of corn, 3,000 contracts of wheat, 12,000 contracts of soybeans, and 8,000 contracts of soymeal. Notably, open interest in the major ag products continues to decline as profit taking and position liquidation have gained po...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.