If there is a surprising market reaction to the September WASDE, it can be found in Chicago and KC wheat futures that mostly closed around 7 cents higher despite the unchanged U.S. wheat numbers. General Comments Markets have been waiting for the September WASDE since about an hour after USDA released the August issue with its surprisingly bearish corn and soybean yield production estimates on 10 August. Considering all the weather adversities those crops had faced, there was instant skepticism about the numbers immediately following the report. Noncommercials had been caught leaning in the wrong direction, and the ensuing scramble drove prices down hard. The NASS August estimates did temper somewhat how private scouts looked at crop cond...
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.