Markets were choppy overnight with corn and wheat slightly lower as soybean futures traded 3-4 higher on light volume. That pattern changed at this morning’s opening. General Comments Markets were choppy overnight with corn and wheat slightly lower and soybeans higher. That pattern changed at this morning’s opening when everything turned decidedly lower. There wasn’t any fresh news around the grain markets, and anything bearish was related to energy and financial markets. January crude oil futures dropped below $36 a barrel (a seven-year low) on more long-term bearish supply news. The very warm, early North American winter is also bearish to energy consumption. Cheap and nervous energy markets spilled over into the equity markets as...
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.