A hint in the market suggests that Brazil's new crop logistics might not be any better than last year, although there is hope for an earlier start to the shipping season. General Comments Markets were very quiet in light trading volume overnight, but that slow and steady level of trading changed abruptly in the first hour of today's session when the soybean market jumped to double-digit gains that dragged wheat and corn higher as well. After reading all the reasons prices should go lower before the markets opened, the commentary quickly shifted to increasing demand for corn and very strong domestic demand for soymeal once the markets leaped higher. USDA announced another corn sale this morning plus the sale of 40,000 MT of soyoil.U.S. fin...
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.
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...