GOOD MORNING, The June WASDE is on Thursday, and there will be a multiple number of estimates heading into the data this week. Key Ag trading features this morning include higher oilshare with rising soyoil prices on the back of recovering energy prices and rising palm. Corn is firm on the large short and higher energies that could continue to add to the ethanol recovery. Russia and Saudi's agreed on Saturday to cut oil production at least through the end of July. Bean and meal prices are slightly weaker this morning, with funds short meal and prices back below $290.00 July, and into the prior down-trend channel. Beans are lower as funds buy corn/sell beans and wheat. WEATHER --Condi...
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.