The CBOT ended lower with profit taking and technical weakness pressuring futures. Corn and wheat were the downside leaders, and the corn market marked a bearish technical day. Palm oil futures posted a new contract high overnight, which helped support soyoil and kept the soy complex avoiding much of the losses felt by grain futures. Funds were net sellers on the day while commercial firms extended forward coverage in grains. The U.S. exported a record volume of soybean in October, shipping out 420.4 Mbu, besting the prior record set in 2016 (415.6 Mbu). Soybean exports for the first two months of the 2020/21 crop year total 706.4 Mbu, putting the U.S. on track to export over 1.0 Bbu in the first quarter. Corn exports in October tot...
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.