THE OPEN November beans: 1/4 higher December meal: .80 higher December soyoil: .8 lower December corn: 1 1/2 higher December wheat: 1/2 higher The markets opened as expected and continued in a low volume trade throughout the morning session. Funds evened up a bit as they are an estimated 116K contracts short corn, long 55K beans and soyoil, slightly short meal and wheat. Technical traders continued to watch the gap in November beans at $8.99 for potential direction into next week. Closing the gap and trading below would be negative, while filling it and staying above would keep the new highs of this week do-able. The increased chance of rainfall next week kept bean prices in congestive t...
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.