HRS wheat led the wheat complex higher today and reports of poorer-than-expected soybean yields ushered in some buying in that contract. No spillover buying was present in the corn market, however, while equities and energies took a tumble. General Comments Markets were again quietly “steady” overnight with prices not doing much. There isn’t any news to push markets higher or lower. The USDA will update their production estimates next week. It doesn’t appear there will be any bullish surprises as harvest results so far seem to be about as expected. Weather will be wet next week across much of the Corn Belt. That could cause some harvest delays.U.S. equity markets started the day easier on a relatively poor jobs report. Most people blamed...
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.