Overnight trading featured extended weakness in the soy complex while wheat and corn managed small gains. Yesterday’s fund selling pushed markets towards oversold levels which sparked the modest strength in CBOT overnight prices. Corn finished the overnight up 1 cent while wheat futures managed 3-3 ½ cent gains and soybeans ended down 3 ¼ cents. The day session featured slightly firmer prices with corn benefitting from short-covering and commercial buying and wheat firmer from a lack of anything else to do. The soy complex remained under pressure as Chinese crushing margins and demand are continued headwinds for the market. Overall volumes were lackluster today with traders starting to look down the road for the A...
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.