Corn and soybeans continued their quiet rallies while wheat futures popped higher in a bullish, Russian-weather-fueled trading day. Cattle futures were cautious ahead of tomorrow’s reports while hog futures did their best dead-cat-bounce impression. USDA’s weekly Export Sales report was neutral corn and bearish old-crop soybeans and wheat. Old-crop corn sales exceeded the volume needed this week, but exports fell shy of their mark. Similarly, soybean sales were above their needed values, but the still-atypically-high export pace was short of the shipments needed. 2018/19 wheat exports are off to a slow start, but this week’s exports showed a modest recovery. With Black Sea prices rising, especially for deferred ship...
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.