Overnight trade was quiet (as expected) with corn and wheat prices near unchanged, while soybean prices crept a few cents higher in low volume. A quick glance at today’s grain and soy futures closes is enough to get a pretty good idea of how USDA’s August WASDE was received. General Comments A quick glance at today’s grain and soy futures closes is enough to get a pretty good idea of how USDA’s August WASDE was received. Wheat, corn and soybeans were all down by double-digits, and soybeans led the rout with declines of more than 30 cents. MGEX September wheat also fell more than 30 cents. Soymeal closed down $12.10-12.70, and soyoil dropped 37-40 points. As noted in our analysis (see following article), we cannot remember any prior August...
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.