The CBOT was mostly lower in mixed trade on Friday with an early soyoil rally supporting soybeans while corn and wheat edged lower. Profit taking developed in soyoil towards mid-day, however, which pulled that market and soybeans lower to end the week. Overall, trade was quiet and there was a strong sense of pre-WASDE positioning and waiting for additional harvest data as combined roll across the Midwest this weekend. The weekly CFTC report saw funds continuing to liquidate their long soybean position and extend this soymeal shorts while adding nearly 50 percent to their existing soyoil longs. The report should be supportive soyoil, neutral soybeans, and bearish soymeal. For the grains, funds were unsurprising net buyers, addi...
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.