Trading overnight and again during the day session were similar, while flooding from the heaviest storm-related rainfall ever to hit the continental U.S. has shut down export grain terminals along the Texas coast and closed oil refineries as well as stopped vessel and rail movements. General Comments 31 August is the first day for delivery intentions against September grain and soy complex futures contracts, and yesterday (29 August) saw quite a scramble by traders to exit positions in those contracts. Open interest (O/I) in September corn dropped 51,439 contracts to about 79,000. September O/I in soy complex contracts also dropped over 8,000 in the case of soybeans, more than 12,400 for soymeal and about 7,500 for soyoil, leaving relati...
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.