THE OPEN Jan beans: 1 1/2 higher Dec meal: .10 higher Dec soyoil: 42 higher Dec corn: 3 lower Dec wheat: 4 lower Prices opened as called with the major feature being that of higher oilshare as traders bot soyoil/sold meal. Other spread trades of note included traders buying beans/selling corn and buying corn/selling wheat. Estimates in front of the USDA report included FC Stone printing negative ideas for corn with a 170 bpa, and production at 13.911 bln bu vs. USDA at 13.799 in October. FC Stone's bean yield was 47.5 bpa. Allendale Inc released their estimates with corn yield at 168.5 bpa and bean yields at 46.9 bpa. At 10:00 export inspectio...
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.