President Trump signed a proclamation this afternoon establishing tariffs on imported steel and aluminum over the objection of many Republicans in Congress and the U.S. business community, excluding steel companies. Canada, the largest exporter of steel to the U.S., and Mexico will be temporarily excluded from the new tariffs pending conclusion of the NAFTA renegotiations. President Trump will retain authority to change the level of tariffs on individual countries in the future. Overnight futures trade was mostly lower ahead of the midday release of the March WASDE. Some of the selling was due to hints from weather models of a more significant rainfall for Argentine crop areas in the 18-30 March period. How much good such rains this late m...
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.