During overnight trading, grain and soy markets tried to recover from the beating they took on Monday but with very limited success. Prices were firmer, although it was only by a few cents except for the corn market’s recovery that was measured in fractions. They continued to trade on both sides of Monday’s closes early during the day session with a slight bias toward the green side. As the day progressed, the bias was toward the red side for corn and two of the three wheat markets. Corn futures closed lower by fractions. Chicago SRW managed to gain 1-2 cents for nearby months with the deferred contracts mostly fractionally higher. KC HRW closed in the red by fractions, and MGEX HRS was off 1.5-3.25 cents. Old crop soybeans did...
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.