The futures market has seemingly given U.S. farmers and commodity producers (e.g., soy crushers) a gift with another day of pre-holiday rallies. The CBOT surged higher in early trade on Tuesday, with soybean futures extending their technical rally above $13.00 and corn futures breaking technical resistance at $6.00 in the overnight trade. Wheat also joined in on the grain market rally with a rally in cash HRW markets offering ample support for futures. Funds were net buyers for the day, but partial profit taking was noted heading into the three-day weekend. Farmer selling was light on the rally but WPI notes resting sell orders were triggered in corn and soybeans when the markets pushed above key technical levels. USDA’s Cold S...
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.