The futures market pattern of firmer soybeans and weaker grains continued overnight in modest limited volume, but the truth is that soybean gains as well as corn and wheat losses were relatively small. The market as a whole remains stuck in technical purgatory between support and resistance levels that traders do not seem interested in challenging. After some limited up-and-down price movement, the soy complex firmed and stayed that way up to the afternoon close. Soybean futures finished around 2 cents higher, meal had a mixed close with gains up to a dollar, and soyoil closed up 34 points or more to recover some of the ground it lost to meal yesterday. Corn futures closed down a penny or less, and Chicago wheat fell about 4 cents. KC wheat...
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.