Overnight trading was firm after the Sunday night weather forecast called for warm/dry Midwest conditions, prompting the market to add a weather premium. Corn finished 3.5 cents higher, and soybeans managed at 2.25 cent gain on below-average volume. The day session featured modestly higher prices with corn and soybeans gaining, while wheat continued lower. EU wheat futures were lower overnight, which brought additional weakness into U.S. futures markets as well. Traders are looking to Thursday’s July WASDE that will incorporate the grains stocks and acreage data from the end-of-June reports. Although the market still doubts USDA’s planted area figures and is betting on a revised report in August, yields will be a focus of the c...
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.