Without a lot driving the direction of the market, today was like a bickering old couple where bulls and bears disagreed over nothing important. Trades could be found on both sides of unchanged as each side sees something in its favor. Early expectations called for follow through on yesterday’s gains, but things turned bearish at the open. While soybeans and wheat held their own, corn faltered slightly. There is always pressure from harvest this time of year, though preventing any real casualties is a sense that weeks of dryness cannot be good for final yields. Indeed, the amount of open interest provides evidence of room for longs to re-enter the market. Overall, the pitching back and forth involves some profit-taking,...
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.
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...