General Comments Soy and wheat prices moved higher in overnight trade while corn prices edged lower. It appeared to be short covering in wheat and soybeans. The corn market was reacting to the improved movement of both old crop and new crop corn. However, the overnight market did not prepare traders for the wild soybean market during the day session. The day session saw July soybeans open at $14.93, down about a penny from yesterday's close. The price dropped another 4 cents in the first minutes, but then the July contract suddenly roared higher. At one point July soybeans were up more than 52 cents, and the July/November inverse widened to a new high of $2.98/bushel. All of this was going on even though cash soybean bids were sinking fa...
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.