THE OPEN Nov beans: 32 lower Dec meal: 5.50 lower Dec soyoil: 140 pts lower Dec corn: 21 1/2 lower Dec wheat: 14 1/2 lower Prices opened on a weaker note with more profit-taking in oilshare which put a floor under meal to start the day. However, on a push into mid-session soyoil prices rallied sharply from their lows pushing oilshare up and meal prices down. Bull-spreads strengthened as well on the announcement of new business vs. the more beneficial growing season given weekend rains. Early sellers at the open were caught by the market's strength into midday, which created more short-covering and further strength. At 10:00 export inspections were released as follows: beans: 175,359 mt...
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.