Corn managed to eke out miniscule gains when the soy and wheat markets moved to new daily highs in the last hour of trading, but it couldn’t hold even those tiny gains into the close. There was some fund short covering in wheat and soybeans. General Comments Much of the U.S. East Coast remains closed today because of the weekend blizzard. This includes USDA, which nevertheless released the weekly export inspection data.Markets were mixed in the Sunday evening session, but soybeans turned lower at today’s opening. This pulled corn slightly lower and wheat off its highs. Crude oil was down $1.25-1.50/barrel, although it held above $30. Asia’s financial markets were 0.5-1 percent higher, but Europe and U.S. financial markets were generally d...
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.