General Comments We've been in a weather market, and the problem has been too much rain and delayed planting across the United States. It was wet across the northern Corn Belt again over the weekend, but not quite as much rain fell as expected. That, plus a slightly drier forecast, brought heavy selling to corn and soybeans and, to a lesser extent, wheat. The general belief seems to be that the late planting rally is over -- at least for today. The planting window in the wettest areas appears to be only three to four days before the next system blows through. In fact, noon forecasts were actually wetter. The bears use the weather models that suit their bias and the bulls do the same.Here is the noon update from Weather Risk: There ha...
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.
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...