The lower CME prices overnight ran counter to price trends at China’s Dalian Commodity Exchange. As day trading commenced, fund bids put a floor under prices and pushed corn and wheat into positive territory while pulling soybeans off their overnight lows. General Comments Grain and soy prices opened the week by trading mostly lower overnight. Trading volumes were larger than seen recently. The lower CME prices overnight ran counter to price trends at China’s Dalian Commodity Exchange. The active May soymeal contract settled at the highest price in six months, and traders report that demand for physical soymeal from Chinese users remains brisk. This is despite signs that avian flu is spreading in China, raising fears that flock liquidatio...
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.