In market analysis, technical indicators and chart patterns often precede major changes in fundamental supply/demand relationships. One theory why this occurs is that the collective wisdom of the market recognizes small but important changes in the fundamentals before they have exerted their eventual major influence. Another theory is that technical indicators are a self-fulfilling prophecy; that is, traders who believe in a signal will act in such a way to make the signal come true. It is sort of a herd-mentality way of thinking. A final thought is that (as economic theory teaches) the final arbiter between supply and demand is price. Consequently, studying prices and how they could create changes in supply/demand relationships gives insig...
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.