Any semblance of yesterday's mini-rally disappeared during the day session that once again saw the nearby contracts for corn, soybeans and Chicago wheat sink to new low closes. General Comments Overnight trading resulted in mixed results with soybeans up slightly, corn about unchanged and wheat prices barely lower. However, any semblance of yesterday's mini-rally disappeared during the day session that once again saw the nearby contracts for corn, soybeans and Chicago wheat sink to new low closes. Grain and soy markets are heavily oversold from a technical standpoint, but that makes no difference. November soybeans still blasted through support at $9.28 and closed at $9.2275, down 14 cents and just a half-cent above the day's low. This pu...
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.