GOOD MORNING, Prices continue to congest and define their trading ranges. Beans are firmer with reports of China hanging around the bean market once again, perhaps due to the lower export basis last week. Cash markets last Friday were slightly weaker for corn and beans. In terms of reports, we get the October NOPA crush report at 11:00 central time. Advertised expectations are for crush to come in at 177.2 mln bu, (which would be the largest Oct. crush on record), vs. 161.49 mln bu in Sep. Soyoil ending stocks are forecast at 1.448 bln lbs vs. 1.433 bln lbs, and vs.1.423 year ago. Argentina's politics come to the fore, with stalled salary negotiations involving the crusher's uni...
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.