The wheat market has been immersed in such a bearish mentality for so long that it almost seems to have become a permanent condition. However, there are some developments in the world wheat situation that suggest change may finally be approaching.The wheat market has been immersed in such a bearish mentality for so long that it almost seems to have become a permanent condition. Noncommercial funds with their aggregated massive net short position in Chicago wheat futures and options of about 134,000 contracts seem to be trading the wheat market that way. There are good fundamental reasons to be bearish on wheat. USDA forecasts that U.S. 2016/17 ending wheat stocks will top 1.1 billion bushels, the largest wheat carryout since 1987/88. It als...
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.