General Comments In another "Turnaround Tuesday" market, grains and the soy complex traded mostly higher overnight in light volume as USDA's crop progress reports released after Monday's close suggested that Monday's price declines may have been overdone -- or, rather, premature. According to USDA, as of 5 May just 12 percent of the 2013 corn crop had been planted, which was less than the trade expected. It makes this the second slowest corn planting year ever. Only 1984 saw slower corn planting progress for the date. Slow corn planting has also delayed soybean planting, which was only 2 percent complete.Furthermore, winter wheat condition worsened with good/excellent dropping 1 percent while the poor/very poor categories increased 4 per...
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.