It was mostly a down day for the futures market and the most persistent rationale given is disappointment in the substance in the U.S. – China trade agreement. As can happen between Washington, New York and Chicago, there is somewhat of a disconnect between the policy wonks and the market makers regarding the U.S. – China trade deal. Those in the market are heavily focused on the agreement’s language indicating China will buy according to market conditions. Trade negotiators say the purchase obligations by the Chinese are ironclad. The “market conditions” reference is simply acknowledging that purchasing will occur during the year when prices are optimal, but the total amount purchased is enforceable.&nb...
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.