General Comments Note: Last Friday we reported that negotiations in the labor dispute at Pacific Northwest (PNW) ports had been extended for 90 days. That was not correct. Discussions at central Gulf ports have been extended. It is a totally different union at the PNW, and the situation there is unchanged.Markets opened steady to higher last night, but that didn't last long before another round of fund selling quickly took soybean futures 15-20 lower. It was almost a repeat of the week before, when fund selling started Sunday evening and turned into a full-scale market rout on Monday. Uneasiness with financial markets in Europe, coupled with weaker prices in China, pushed crude oil lower and the dollar higher. This week could be the bi...
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.