The CBOT opened weaker overnight and continued that trend into the morning with significant selling in September futures as traders exit before first notice day tomorrow. Multiple CBOT markets are testing major technical support levels, which should be a significant concern for bulls and longs. Notably, corn, soybeans, and wheat are all threatening to post significantly bearish technical events, which could spark widespread liquidation/selling at the CBOT. Hurricane Ida hit the Gulf Coast Sunday afternoon and knocked out power to New Orleans, Louisiana and the surrounding areas. Ida has been downgraded to a tropical storm and is now slowly turning northeast and is expected to travel along the Ohio River valley until it exits over the Atlan...
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.