GOOD MORNING, Major trends continue, namely buying beans/selling corn, and buying soyoil/selling meal. The new crop bean to corn ratio traded to new highs at 2.42:1, seeing more strength than has been a seasonal tendency for this time of the year, though most pronounced when China's buying activity was at its strongest, such as in 2016. The largest commitment in terms of fund position taken in front of the USDA report is that of adding to bearish positions in corn. Funds added an estimated 50K contracts to the ledger this week, taking the combined futures/options position now at 150K. The farmer remains fairly quiet with some minor movement when prices head towards trading range highs. Basis remains steady to firm...
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.