GOOD MORNING, Equities celebrated the signing of the Phase One deal, but beans were not impressed. A bearish NOPA soyoil stocks number sent soyoil prices tumbling, more or less confirming that the top posted a week ago was indeed a possible market high. This AM, prices will begin the day lower across the board as more soyoil bulls liquidate and wheat bulls take profits. Here are some of the salient points of the agreement: China will purchase no less than $12.5 bln above the 2017 baseline of $24 bln in year one - net total of $36.5 bln China will buy no less than $19.5 bln above the 2017 baseline of $24 bln in yr 2 - net total $43.5 bln The troubling statement throwing cold water on the market was China's...
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.