Price action in the grains was rather quiet and mixed, leading to small gains overnight while the soy complex worked its way higher. Soybeans and soymeal then raced sharply higher early during the day session, pulling corn and wheat along. General Comments Price action in the grains was rather quiet and mixed, leading to small gains overnight while the soy complex worked its way higher. USDA announced a sale of 132,000 MT of old crop soybeans to China, which played well with the market’s current mood. Today’s announcement likely covered business actually done last week, but no matter. It supports the premise that the U.S. will see more active demand for old crop soybeans in the last three months of the crop than previously imagined.The da...
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.