General Comments There was light selling across the agricultural markets overnight and throughout today's trading session. Only July corn futures and July Chicago wheat futures showed any semblance of strength, with July corn rallying in the last few minutes of trading. There really isn't any fresh news. It remains very wet across the Northern Plains and western Corn Belt. Planting progress across much of the northern U.S. will continue to be very slow. Weather model runs after the close again look wetter. Various fund rolls are or will soon start to happen, and that is always viewed as somewhat bearish.Outside markets were mixed. Crude oil was higher early and turned slightly weaker after noon. The dollar index was slightly higher all d...
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.