There was the smell of rain in the air across the western reaches of the U.S. hard red winter wheat region, and that was enough to bring another major round of fund selling to all three wheat markets. General Comments The market story was all about wheat today, and it wasn't a pretty one. Wheat futures opened 8-10 lower overnight and never looked back. There was precipitation across the eastern portions of the southern Plains with chances for more scattered rains in the forecasts. So far, the driest areas are still without rainfall. That didn't stop another round of heavy fund selling in wheat that, surprisingly, had only minor negative impacts on corn and soybeans until the last hour or so of the session. Today's market action was not go...
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...