General Comments Yesterday's lower crop yield and production estimates caught a bearishly oversold futures market leaning in the wrong direction which led to a flurry of short covering. It also encouraged fresh fund money to enter the corn market, something that the fund managers probably regret today. Yesterday's futures trading volume was huge as we had indicated, but except for corn, all of the volume resulted in very little change in open interest. Yesterday's (12 August) trading volume in rounded numbers and open interest change were:Follow-through buying kept grain and soy prices steady to firm in overnight trading but reality began to reassert itself by the opening of the day session this morning. First, private analysts began 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.