General Comments There was nothing bullish going on in any commodity today. Metals were sharply lower, energy markets were sharply lower, the dollar was sharply higher and financial markets were mixed. In addition to all of that, USDA's reports were released at 11 a.m. CDT and no one wanted any part of owning corn or wheat ahead of those numbers. The recent history of USDA reports has been bearish, and there was no reason to believe today's numbers would be any different. That was exactly the case as markets plunged lower following the report release. If Northern Hemisphere crops are as good as projected in today's USDA reports, we are indeed headed for a period of lower prices.Weather is still an issue with much of the Corn Belt receivi...
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.