After a rather tentative overnight session, CME grain and soy complex futures put together a rally during the day session in which consistency was more impressive than the higher prices. The glamour market du jour is soyoil as those futures prices have been following Malaysian palm oil in a climb during the last few weeks. General Comments The glamour market du jour is soyoil as those futures prices have been following Malaysian palm oil in a climb during the last few weeks. Palm oil futures were sharply higher overnight, posting the biggest one-day gain in over a year. Soyoil futures went along, being up almost 100 points ($0.01/lb) at today’s highs before closing up 63-64 points. Since 1 August through today’s close, the December contra...
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.