CBOT trade continues to be a choppy, range-bound affair, except for an impressive rally in soyoil and continued weakness in wheat futures. Chinese soyoil stocks are at multi-year lows, which supported CBOT soyoil futures on Monday, combined with a healthy dose of speculative buying and bull spreading. Corn and wheat finished lower as export demand remains steady/quiet for both crops. Soybeans posted a modest gain for the day, buoyed mostly by soyoil. Funds are thought to have bought 12,000 contracts of corn on Monday, along with 8,000 contracts of soybeans. Bull spreading was evident in soy products with funds the likely buyers of 6,000 soyoil contracts and sellers of 5,500 soymeal contracts. Funds were net sellers in KCBT wheat but are th...
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.