The October WASDE was surprisingly bullish soybeans, which jumped 26.75 cents higher, and neutral/bearish corn. Wheat of course received another bearish report. General Comments: The waiting is finally over! Today’s WASDE report brings certainty to the market on the supply side, and traders can now focus on detailed examination of grain demand. Briefly, the WASDE was surprisingly bullish soybeans while neutral/bearish corn and wheat. The overnight session featured very muted trade ahead of today’s USDA report. Soybeans were the most active grain futures contract and traded a 5.5 cent range before finishing 2.5 cents higher on 11,500 contracts traded. Corn futures held to a very narrow 1.25 cent trading range and finished flat...
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.