The CBOT firmed on Friday as the week-long selloff found support and markets look to be more or less comfortable with their current level. Funds were modest sellers of wheat while buying 7,000 contracts of corn, some 6,000 soybean contracts, and adding to soymeal/soyoil longs too. Cattle futures were lower ahead of the post-close Cattle on Feed report while lean hog futures rallied sharply following what was thought to be a bearish Hogs and Pigs report. The U.S. harvest will quicken this weekend with good weather forecast for most of the Midwest. The soybean harvest is approaching the major producing region and yields are expected to improve commensurately. Corn harvest is slow with cool temperatures in parts of the Midwest delaying...
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.