Corn and soybean markets came under pressure from harvest hedge selling while last week’s bearish reports continue to rock the wheat market. General Comments The U.S. corn and soybean harvest will start to push towards the 35-40 percent complete mark by the end of this week. Markets reflected this fact today with increased harvest hedge pressure, or at least the anticipation of that pressure, pushing prices lower. Wheat again suffered from the Minneapolis hangover caused by the unexpected increase in spring wheat production in last Friday’s USDA report. The weather is week looks fairly good for harvest across much of the Corn Belt.The market will now start to think about the 12 October USDA production estimates (corn and soybeans) and the...
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.