GOOD MORNING, Prices are mostly higher as the mission lately is to walk prices back towards trading range lows to confirm they are indeed value levels. There are rumors that China has been making bean and corn inquiries on this week's break to trading range lows. There are three things needed to send prices higher again, which would include a bullish WASDE report on Thur. followed by more bean buying, and a strengthening La Nina again in SA. The roll-out of vaccines globally is having a very positive impact on macro trade. Funds are whittling down positions in front of what could be a bullish WASDE on Thursday. Funds sold 7K contracts of beans, 3K meal, and 5K soyoil yesterday. This will leave funds an estimated ne...
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.