Since USDA's reports on Monday, the futures price action has given farmers the opportunity to unload some of their ownership and given users the opportunity to extend their coverage at what they hope are attractive basis levels. General Comments There is a general feeling that tensions over the Ukrainian situation are easing. We are not sure why this is the case other than the passage of time during which nothing much has happened. Ukraine's government has announced that regions of the country will be allowed to elect their own officials, but it has rejected Russian demands that the country turn itself into a group of autonomous regions. As well, contrary rhetoric notwithstanding, the West seems to have accepted Russia's takeover of Crime...
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.