Corn Argentine corn basis levels are weaker this week, especially for spot shipments (August and September) where seller's ideas are in the -65 CZ to -70 CZ range. Most trading houses already have goods originated, but they still need to find a home for their products. Last week we reported 20-25 cents/bushel of carry for October shipment. As buyers are sniffing around for these positions, some trading houses started to work on their logistics to sell deferred shipments, mainly October and November. Selling ideas during the last week dropped down to -65 CZ for October and -60 CZ for November. Some trades for September and October shipments were made at -65 CZ. With weaker basis and decent carry for deferred shipments, demand now appear...
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.