General Comments Grain and soy futures markets faced a triple whammy today. One part came from the fickle weather models. When the models portrayed an outlook for a period of very hot and relatively dry conditions for the Midwest, that outlook played a big role in yesterday's price rally as traders feared the impact of those conditions on newly planted crops. Memories of last summer's drought are still fresh. The models changed the outlook today to more seasonable temperatures and chances of periodic rain events. The more favorable weather outlook prompted traders to sell back whatever futures they bought yesterday as weather risk insurance.The second whammy was the hangover from the Fed's comments that seemed to indicate more strongly t...
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.