GOOD MORNING, Prices are now bending under the weight of harvest, nervous longs, and some farmer selling pressure. The stronger US dollar is perhaps the most problematic for a grain rally in the big picture, particularly for wheat. Wheat will need a world weather problem to keep it from breaking further, as negative technical price action takes over. Seasonally, Sep. wheat has a sell signal that usually begins on Sep. 10 but is arriving a bit late this year. Oilshare continues to nosedive with meal prices pulling off contract highs, while soyoil futures break to new chart lows, suggesting that a top has finally been placed in this market. WEATHER --The U.S. Harvest continues to speed along in mostly id...
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.