Wheat couldn’t find any friends today and was the weakest link in the agricultural markets. Like corn, Chicago wheat futures are mired in a technical trading range with $5 capping the high end for now. General Comments Sunday evening trade saw markets start lower on talk that some scattered rains fell in parts of Brazil, which is like saying rainfall occurred across the ocean. Markets were unchanged by the close of the night session, but they traded lower nearly all of today. Funds were light sellers in moderate trading volume.The excitement today was in the livestock markets that traded with limit up gains last Friday and held expended limit gains today. Last Friday’s Cattle on Feed report showed the smallest November placements ever, ab...
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.