Low volume and mixed price movement for grains and the soy complex characterized both overnight trading and the day session. Most traders seem to be positioned where they want to be ahead of Thursday’s USDA stocks and prospective planting reports. If they are not, it was (and is) too late to do much about it now given the limited trading volume. Funds have been trying to pare down long positions in corn and soybeans for the last week to shrink risks and cash in profits (if they have some on paper) in advance of those reports and the end of the first quarter of 2018. However, it was not possible to do much of that today. Every grain and soy futures contract on the board traded on both sides of Wednesday’s closes, but they almost...
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.