Overnight trading was slow and mixed with little direction ahead of Thursday’s plantings report. The day session featured mixed trade that ended mostly lower at the CBOT. Volume was low as traders continue squaring their positions for the report with little outside news to trade upon. Beyond the ag markets, it has been a mixed/lower day of trading so far. The Dow is presently 205 points lower while the S&P 500 is down 32. The U.S. Dollar index is flat after early gains and is still below 90 as trade worries ease across the world. COMEX gold futures are down $11/ounce as they retreat from recent highs. WTI crude oil is down $1.06/barrel as of this writing while Brent is down $0.44/barrel. Interest rate product prices are low...
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.