Corn and wheat futures maintained their winning ways today on more wet weather across the Corn Belt. 1-2 inches of rainfall were common across Iowa today, and there is a great deal of heavy rain in the five-day forecast. NOAA released its updated long-lead forecasts, which show June and July will continue to have above-normal moisture and below-normal temperatures. A month ago, the same outlooks appeared drier. Sunday’s rainfall recaps and extended forecasts will set the tone for next week’s markets. Obviously, Monday’s weekly crop progress numbers will be very important. The market will also evaluate today’s Commitment of Traders report to see how much the funds reduced their short positions this week. U.S. equity...
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.