General Comments Soybeans continued to push higher overnight while the grains were mixed. That pattern continued into the day session, except that by mid-session wheat and corn ran into stronger headwinds that pushed them toward lower closes. The stronger dollar encouraged profit taking, and more soy/corn spreading pressured corn as it supported soybeans. The Fed's rosy (by comparison) description of the improving of the U.S. economy has inspired gains in the dollar index for the second day even as the Greek debt situation seems to be calming down for awhile.While the Fed's statement renewed its promise to keep interest rates historically low into 2014, the tone of the statement seemed to make another effort to stimulate the economy such...
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.