The pace of futures trade overnight and again today was considerably slower than in recent days. Prices for the soy complex were hammered again, while corn and wheat prices held steady to higher. General Comments There were no surprises from the Fed's July meeting. Bond purchases will be reduced another $10 billion next month, which was a virtual certainty, and the Fed's interest rate will remain unchanged at near zero percent for "a considerable time." There was no further clarification as to what constitutes "a considerable time", but many Fed watchers seem to think that the rate will not be raised before mid-2015.Meanwhile, the Commerce Department announced this morning that U.S. GDP grew by an estimated 4 percent in the second quarter...
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.