With the possible exception of old crop soybeans and soymeal, there is presently the absence of the kind of fundamental tensions that encourage trading and increase volatility in grain futures markets. General Comments U.S. stocks were higher for the second day in a row. The U.S. dollar also gained versus most other currencies. NYMEX crude oil jumped $1.86 to close at $94.64 after U.S. stocks of crude were drawn down much more than expected last week. Cattle and hog prices were also higher.After the burst of futures trade immediately following last Friday's reports from USDA died down, volume has been trending lower. USDA's reports may have modified the landscape for U.S. grains and soybeans somewhat, but not enough to materially alter ma...
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.