GOOD MORNING, Prices remain firm with beans and soyoil in the lead while grains are firmer as well. The short-covering tone that started Tues. continues. More bean business to China and a slightly slower planting pace keeps beans pointed to the upside. But technically, beans and soyoil have spent time solidifying support, and are now attempting to see what is reasonable to the upside given the current status of overall demand. Soyoil futures and oilshare trend higher on the back of a sharply higher palm oil market. Corn begins its day closer to trendline support, which could create further short-covering given the technical outlook. REPORTS Planting Progress: Corn: 88% planted vs. 90% expected,...
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.