Markets were higher overnight. They were led again by wheat, which then exploded to gains of 15-20 cents at this morning’s openings. Corn and soybeans were higher, but there was no real excitement in those markets. Trading volume was much better than last Friday. In a change from late last week, weather across most of the U.S. is forecast to turn hotter and drier through at least the first half of August. There is no reported movement (or even conversation) between the U.S. and China on the trade dispute. Funds reportedly started this week short 100,000 contracts of corn and 59,000 contracts of soybeans but long 54,000 contracts of soymeal and 27,000 contracts of Chicago wheat. U.S. equity markets started the week lower, led by bi...
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.