General Comments Funds (and others) have been major sellers of grain and oilseed futures ahead of today's USDA acreage and quarterly stocks reports. The market was anticipating a big corn acreage numbers and a larger corn 1 March stocks numbers. They were right on the corn acreage estimate but very wrong on the stocks number. The soybean acreage number was well below expectations and stocks were slightly smaller. Today's USDA reports are fully covered in a separate analysis. The result was a rush to get back on the bull bus that saw soybeans open 40-50 higher, corn 25-30 higher, and wheat 20 higher in KC and Chicago but as much as 40 higher in Mpls. Markets came off those initial highs in the first 15-20 minutes of the session, but that...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.