THE OPEN beans: 14 higher meal: .80 lower soyoil: 170 higher corn: 4 higher wheat: 10 higher The markets opened as called and put in further recovery trade from the lows. Soyoil and bean prices rebounded which lent support to corn. Wheat prices were higher on the back of rising Minneapolis wheat, fueled by continuing drought and missed rains which could lead to lower production prospects. The three -year combined average as a percentage of total US production for North Dakota, South Dakota, and Minn. is 17% corn and 18.5% beans. At 10:00 export inspections were released as follows: beans: 103,965 mt vs. 205,155 mt expected (vs. range from 100-300,000) corn:&nbs...
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.