It is a new month today, and fund selling of the grains slackened, which allowed some price recovery overnight. This recovery carried over into the day session with the result that corn and wheat posted their biggest one-day price gains in some time. General Comments There is an old futures trading adage that advises getting out of poor trades quickly but letting good trades run. It is intended to counter the tendency to hang on to losing positions in the hope they will turn around and the tendency to take profits too soon on winning positions. Yesterday funds appeared to be following that advice by doubling down on their short positions in Chicago wheat and corn futures. Corn open interest jumped over 20,000 contracts due at least in par...
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.