GOOD MORNING, Prices are mixed this morning with wheat the only item in green after most of the markets started off on firmer footing. Minneapolis wheat set the stage for the bullish signal to emerge, but it has now spilled over into KC and Chicago markets. The Northern Plains will see more wet and cold conditions this weekend, slowing harvest and degrading quality. Buy Minn/sell KC and Chicago spread trades are correcting, bringing some support. The trade agreement between the US and Japan is bringing hopes of more US business. In that agreement, Japan will eliminate or lower tariffs for certain Ag products, which includes wheat. Japan is expected to provide a country-specific quota for wheat an...
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.