General Comments History seldom repeats itself precisely, but human nature is fairly consistent. Prices are reflections of human behavior under similar circumstances. For example, there is a strong tendency for corn, soybeans and wheat to establish seasonal lows around the fall harvest period. Large speculators rely heavily on black box systems that are primarily based upon historical price behavior, so it is difficult for those systems to escape the influence of strong seasonal patterns. Slowing momentum and moving average crossovers appear to have a greater tendency to result in recommendations to lighten up positions during the current period. Consequently, that behavior is currently going on in the market. (Note: Those black box syst...
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.