During overnight trade, corn futures prices were unchanged to slightly weaker in slow trade. During the day session, though, fund pressure and technical selling pushed old crop corn prices to close down 8 cents. General Comments It is St. Patrick's Day when everyone is Irish, and people are encouraged to wear green shirts, ties, sweaters, etc. as well as drink beer that has been artificially colored a disgusting shade of green. Grain markets, soy markets and markets for many other commodities did not get the message as their color of the day is red. A quick check finds that among agriculturally-related commodities, only coffee managed to close with green numbers. Yesterday the wheat market reacted to weather concerns for both HRW and SRW...
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.