The CBOT finished sharply higher on Monday, with dry weekend weather starting and supporting what turned into a day of technical buying. Funds were aggressively covering their net short positions in corn and wheat and were adding to their small soybean long. The markets opened at the high end of expectations, with gapping higher at the open, which quickly triggered buy-stops and kept the upward momentum going. Corn, wheat, and soybeans all tested and overcame technically important levels today, triggering buy-stops again each time. The U.S. weather is a big concern for the CBOT. Dryness has been spreading across the Southern Plains and, more crucially for corn and soybean crops, western Iowa. The latest U.S. Drought Monitor map highl...
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.