After starting the week on a high note, the CBOT posted a “turnaround Tuesday” with corn and wheat giving back much of Monday’s gains. The soy complex posted a second consecutive day lower but pared losses in the afternoon to end fractionally lower. The initial shock of the ProFarmer yield estimates seem to be wearing off and most traders and analysts are penciling in yields 2-5 BPA above the ProFarmer estimate. Corn and wheat seem to have put in the necessary rally in response to smaller corn yields and a slow uptick in wheat demand and are now waiting for USDA’s latest thoughts. The agency’s latest trade estimates and objective yield estimates will be released in the 12 September WASDE. Outside markets...
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.