GOOD MORNING, Prices closed on a firm note and extended gains once more overnight as funds now establish long positions across the board. November beans hop over the $10.00 mark to achieve a new contract high, and December corn breachedver the $3.70 level. Though the USDA did not lower corn and bean production/yield estimates as much as expected, traders are obviously looking for further reductions in the October report. On the bear side, corn production is still among the highest levels ever at 14.9 bln bu. On the bull side, bean ending stocks were 25% lower, and China demand continues to underpin prices. Strong palm oil prices and vegoil demand pushed December soyoil to new highs as well over 34c.  ...
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.