In contrast to the heavy volume during the Sunday/Monday overnight session, trade was very light last night and in the early morning. Futures price action was mixed with soybeans and corn up slightly and wheat just a bit lower. The low trading volume carried over to the day session as did the mixed price action. The grains and soy complex traded both sides of yesterday’s closes. By mid-session, winter wheat prices became stuck in the red with corn and soybeans hung near unchanged. That is the way the corn market finished, but soybean prices sagged during the last hour as whatever limited buying interest there had been earlier seemed to dry up. The result was that May soybeans finished 6 cents lower with November down 5 cents. Ne...
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.