The biggest news today was a report that Chinese state-owned enterprises purchased nearly 2 MMT of soybeans from the U.S. Early reports said 12 cargos (0.5 MMT) were arranged for shipment between January and March, while later reports have pegged the figure as high as 30. The soybean market reacted in accordance with the adage “buy the rumor, shrug off the fact”, and promptly did nothing after the report surfaced. The market’s attitude seems to be one of “That’s nice, but we need a lot more to get excited”. Late afternoon cash trade, however, has a stronger tone and CIF soybean values are rising. Outside the soybean market, corn futures were steady/higher on limited news while wheat continue...
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.