General Comments Wheat, corn and soybean markets were higher overnight with good trading volume. Wheat and soybeans were the leaders and that fact continued throughout today’s session as well. Weather remains the single biggest force driving these markets. Weekend precipitation across Argentina and the U.S. Southern Plains was either non-existent or disappointing. Weather forecasts for both of these drought-impacted regions continue to look dry with little precipitation. Analysts are now starting to talk about a drought disaster in Argentina. The U.S. hard red winter wheat crop is also on the verge of significant yield reductions if rain doesn’t appear soon. Funds started the week short Chicago wheat, but long KC and abo...
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.