The overnight session saw grain and soy prices work both side of yesterday’s closes, although they were slightly firmer as the trading recess neared. Led by the soy complex, however, prices across the board turned lower not long after the day session began. General Comments As expected, the U.S. Federal Reserve Bank left its interest rate unchanged at about 0.25 percent at the close of its June meeting. The recent downturn in U.S. job creation as well as the uncertainties surrounding the Brexit referendum on 23 June and Britain’s potential departure from the EU were cited as factors in the decision. Neither the Fed’s statement nor Chairperson Janet Yellen’s press conference gave any hints about when the next increase might occur. However,...
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.