The wheat markets have been solidly bearish for what seems like an eternity. Although the world has produced four consecutive record wheat crops, that is starting to change - at least in North America.The wheat markets have been solidly bearish for what seems like an eternity. The big speculative funds that have been long the soy complex have also been short corn and wheat. Although reversing their corn position from shot to long over the past two weeks, they are still holding a big short position in Chicago wheat futures. Funds have started to cover some of these short positions over the past week. That took Chicago March wheat to as high as $4.64 yesterday before the fund buying in every market stalled, and it was trading 20 cents off tha...
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.