General Comments It is hard to come up with much in the way of insightful analysis for a market such as the one we saw today. USDA spoke, and markets reacted.When bearish USDA reports hit markets that want to be bullish, it can jerk prices around pretty fiercely. It tends to create a "sell now and figure it out later" mentality. We saw a lot of that today in the wake of the battery of USDA's surprisingly, consistently bearish reports. When the dust of the day session settled, March, May and July corn contracts closed locked limit down, nearby CME wheat had fallen 36 cents, and soybean contracts finished down 19-20 cents. Soy product losses were relatively mild with soymeal down $3.90 and soyoil down 44 points.Obviously, corn was th...
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.