The soy complex held most of the CBOT’s excitement today as soybeans and soymeal rallied sharply. Soyoil marked a new high for its move but ended slightly lower amid profit taking. Similarly, wheat strengthened overnight but was dragged lower by a flat corn market. U.S. farmers became aggressive sellers/hedgers on the rally above $3.50 and that limited rally potential in corn. Friday’s trade did not change the major direction for corn or soybeans, but the wheat market looks like it may correct some next week. Livestock futures were sharply lower as traders liquidate longs amid an emerging bear market. The U.S. weather forecast for the coming week features hot temperatures for every area that is not getting rain leftover f...
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.