Good morning, Prices remain mixed in trading ranges before today's WASDE report at 11:00 Chicago time. Expectations are for higher world numbers, slightly smaller ending stocks. Funds enter today's report net short everything but wheat and soyoil, where they hold sizable long positions. Wheat and soyoil are lower as of the break as funds choose to lighten up before the report is released. Corn, bean, and meal shorts could be looking for a good break in which to cover something in before China comes to possibly start buying ag goods. WEATHER South American weather maintains a favorable bias. Wetter weather in central Brazil could continue to disrupt soybean harvest, with favorable moisture in filling corn and bean areas of Cordoba in Ar...
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.