The CBOT was mostly dominated by trading ranges today with pre-WASDE positioning beginning in earnest. Funds continued selling into the corn market, and liquidation in November soybeans was prominent. The weather early this week is slightly bullish with more wet conditions before a cold drying trend starts on Thursday. The weekend weather will be cold but that should help fields dry and allow equipment to enter fields. Elsewhere around the world, Brazil’s weather is once again trending drier while Argentine conditions are stabilizing and offers chances for a “normal” crop. The South China Post this morning reported that the U.S. and China are ready to sign a Phase One agreement with a possible signing in November. T...
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.