Corn, wheat and soybean futures were steady overnight, although they turned decidedly lower once today’s session opened. Wheat and corn were down the hardest with soybeans firm early before moving lower by midmorning. General Comments China’s financial markets were down another 5 percent overnight, which continued to cast a bearish tone over all markets. Crude oil was sharply down and trading as low as $32.03 a barrel. The U.S. dollar was slightly higher. U.S. financial markets were strong early, but they gradually eroded and traded lower before mounting a late session rally that brought them back to modest gains.Corn, wheat and soybean futures were steady overnight, although they turned decidedly lower once today’s session opened. Wheat...
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.