General Comments Markets were soft overnight and this morning with soybeans showing the greatest weakness. Corn, soybean and wheat futures did not close well yesterday, and that brought some additional follow-through selling. There is also a better chance for rain across central and northern Brazil and some dry days across Argentina and southern Brazil. Weekly export sales this morning were better than expected for soybeans, meal, oil and wheat, and about as expected for corn.This morning's U.S. jobs data was neutral. Unemployment rose from 7.8 percent to 7.9 percent and only 171,000 jobs were created in October. This is the last weekend before the U.S. presidential election, and that might keep the trade relatively quiet until next Wedn...
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.