Markets didn’t do very much overnight in light volume. Corn and soybean futures were a penny higher with wheat down 1-2 cents. Markets then opened this morning with corn and soybeans steady and wheat 3-4 cents lower. Trading volume today was also very light. With no CFTC Commitment of Traders reports because of the shutdown, there has been no confirmation of where the funds are with their positions. This morning’s guesses were that they were nearly even wheat and soybeans but long about 100,000 contracts of corn. U.S. equity markets started today’s session very strong on some optimism that the partial U.S. government shutdown was nearing an end. The president then announced later this afternoon that he would sign a short...
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.