Technical pressure, end-of-month positioning, lack of export sales, good Midwest weather, and damage/lack of electricity to Gulf export facilities all combined to pressure the CBOT on Tuesday. After yesterday’s weak close, markets were on the defensive overnight and soyoil saw the most pressure. End-users did extend coverage yesterday but were not as aggressive as some expected. The fact USDA did not announce any new export sales this morning also shows that international buyers are adopting a patient strategy and that values may have to fall further to attract demand. Flooding and power outages are slowing the U.S. Gulf Coast’s recovery from Hurricane Ida with some analysts saying it will take two weeks or longer to full...
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.