China was, of course, the focus for today’s trading but the CBOT opened with notable activity before the trade agreement was released. Wheat futures posted strong gains early in the trading day with buy wheat/sell corn trade. The soy complex was broadly weaker after palm oil futures and European rapeseed markets fell during the overnight session. Weaker energy markets helped facilitate sell soyoil/buy soymeal trade, though none of the soy complex products posted a bullish day. This afternoon, President Trump and Chinese Vice Premier Liu He signed the so-called Phase One trade deal between the two countries. The long-awaited agreement is the first step in a full resolution to the trade war that has persisted since mid-2018 and c...
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.