U.S. wheat futures seemingly trade in a world of their own. Yesterday Chicago wheat lost 14 cents or so, and today it regained 8 cents or more. Why did those moves occur? General Comments Grain futures prices turned around on Tuesday (once again) to gain back some of Monday’s losses. Wheat futures were the day’s star with Chicago December wheat up 8.5 cents, MGE wheat up 8 cents and KC wheat up 4-5 cents. December corn closed up 4 cents. We did not include soybeans in the turnaround, although the January soybean contract did close in the green by a quarter-cent. More deferred months, March-November 2016, all closed with fractional losses. Soymeal closed slightly lower, and soyoil finished up about 30 points.We cannot point to specific rea...
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.