General Comments: The overnight session featured prices drifting lower on lack of any buying interest. December corn finished down 1 ½ cents while November soybeans fell ¼ cent and December Chicago SRW wheat was off 2 cents. Soybean and wheat futures drifted mostly sideways during the overnight session while corn futures sold off rather quickly, trading as much as 2 cents lower, before rising modestly in the early morning. The volume of trade was very good with 13,000 contracts of corn, 26,000 contracts of soybeans, and 5,800 contracts of SRW wheat trading hands. Trading during the day session featured volumes above their five-day average as traders positioned ahead of the October WASDE. December corn futures traded 147,000...
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.