General CommentsThe corn and soy markets continued to sink into a bath of red ink, with enough of it splattering out on wheat to pull those markets down as well. The soy complex led the way with August soymeal locking the limit down for the second day in a row and September soymeal also dropping the $20 limit today. August soymeal longs who may have wanted out have been trapped. With September soymeal also closing the maximum allowed down, the daily limit should be expanded tomorrow giving the longs a chance to escape -- poorer but maybe wiser. Soybean futures prices also tumbled today, although August soybeans did not come close to the daily limit. What was different today was that more deferred months were almost as weak. August soybean...
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.