The breaking off of U.S.-Chinese talks late last week led to what appeared to be market exhaustion overnight and early Monday morning as new contract lows were set. But in a reversal, prices pulled themselves up and well above those lows by Monday’s close. That technical signal and USDA’s report late yesterday afternoon, which showed the U.S. pace of U.S. spring planting was slower than expected and far behind average, sent a heretofore tired bearish market off and running. Grain and soy prices gapped higher to open last night’s trade, and they stayed sharply higher overnight and throughout today’s trade. Soybean futures contracts were up nearly 36 cents at their session high, and they retained most of that gain by...
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.