GOOD MORNING Prices are mostly higher with beans in the lead this morning as the markets attempt to define trading ranges heading into the December 10 WASDE. Beans are higher on the talk that China has returned on the break as a bean buyer, and perhaps corn for a later time-slot. Gulf bids are also slightly higher indicating some demand around. The end-of-month money flush could be behind us, as the market returns its focus to demand and weather. The break also alleviated overbought bean and meal positions, bringing them more into balance. Funds remain long everything but wheat, though it was the wheat market that led the way higher in yesterday's trade. Only wheat has the generous stocks-t...
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.