General Comments Overnight trade saw prices trade both sides before finally climbing into the green. Fund buying and more talk about the hot cash grain bids supported the markets. The day session also saw choppy, although vigorous, trade. Prices weakened early on signs that farmer selling had picked up this morning. However, the announcement by the U.S. Federal Reserve that it expected to leave its interest rate near zero into late 2014 caused the dollar to weaken. This in turn supported corn and wheat to close higher for the fifth day in a row which is frustrating bears looking for prices to top. Also, there were signs of some continued buying by investment funds.Soybeans are the exception. Old crop soybean contracts closed a few pennie...
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.