The CBOT largely followed the trends set yesterday by the Grain Stocks and Small Grains Summary reports. Wheat rallied sharply and posted near-30-cent gains while soybeans continued their selloff and tested major technical support levels. Corn was once again caught somewhere in between but supported by stronger U.S. exports and news that China will suspend some fertilizer exports. Funds were net sellers in the soy complex while continuing to buy wheat on a tightening global supply outlook. Aside from the larger trends each market is setting, smaller trends are also appearing. Bear soybean/corn and bear soybean/wheat spreads are becoming increasingly popular and buy wheat/sell corn spreads as well. Technical weakness in the soy comple...
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.