Old crop corn and soybean market direction will now be determined by demand. We might see small changes to the U.S. crop production estimates in the November and January USDA reports, but any changes should not be significant. It will take evidence of strong demand to push futures markets higher over the next 30-60 days. Cash markets are strong. Basis levels seem to slowly creep higher. Corn and soybean harvests are essentially finished, and what producer selling was forced during the harvest should be behind the market. Net farm income will be huge again in 2013 despite the drought, which means farmers will be doing a lot of pre-tax financial planning between now and the end of the year.The next weather market, if there is one, will have...
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.