Macro weakness and favorable weather made a bearish combination for grain and soy markets. Even so, the soybean market’s gap down opening and subsequent collapse caught the market by surprise. Wheat futures scored the moral victory by closing in the green. General Comments After the long holiday weekend, grain and soy futures opened the day session at 9:30 a.m. (EDT) without the benefit of prior overnight trading for direction. This morning’s direction was taken from weaker outside markets that reflected the still huge uncertainties following the 23 June Brexit referendum. The fallout from that vote continues to ripple throughout financial markets in Europe and around the world. Stock markets fell globally, and commodities, including crud...
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.