General Comments Basis levels for corn and soybeans continue to soar higher, and there was still some open interest left in the May contracts that expire tomorrow. That continued to be the combination that is creating a squeeze in the May corn and soybean contracts. Tomorrow is the last trading day for May futures contracts and there is no daily price limit for contracts in the delivery period. They stop trading at 12:00 p.m. CDT.Weather forecasts are still pointing to another period of very wet weather following the current "break" in the rainy pattern. Progress is being made now, but will be short-lived when rains return. Unfortunately, much of the hard red winter wheat region will not see any rain, and that will mean yield reduction...
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.