General Comments Markets were closed for the holiday yesterday and opened at 8:30 this morning. Early calls were for lower openings, but the markets opened with slight gains. Those early gains only lasted minutes before prices turned lower led by soybeans and corn. Wheat held on to slim gains until corn and soybeans dropped to double digit losses. Volume, as expected, was very light today with many businesses closed to make it a long holiday weekend.Weekly export sales released this morning were good for wheat at 563,000 MT and small for corn at 233,000 MT with soybean sales at 120,000 MT old crop and 249,000 MT new crop. USDA did announce the sale of 120,000 MT of soft red winter wheat to China and 120,000 MT of corn to "unknown"...
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.