GOOD MORNING, Prices are higher after yesterday's strong performances. Funds added length to their already long positions yesterday, buying 2000 wheat contracts, 6000 corn, 13,000 beans, 3000 meal, and 5000 soyoil. Funds are now estimated to be long 30K wheat contracts, 381K corn, 185K beans, 70K meal, and 124,000K soyoil. Farmers were better sellers of corn on yesterday's rally with a slightly weaker cash basis. Dalian vegoil prices are higher as are beans, along with higher EU wheat and corn. World vegoil prices continue to rise, with talk that China purchased palm-oil. Soyoil futures continue to print new contract highs, taking oilshare ever higher, as canola prices continue to sur...
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.