THE OPEN November beans: 2 higher December meal: .40 lower December soyoil: 37 higher December corn: steady September wheat: 3 lower Prices opened as expected with a minor bounce in corn met with some early hedge pressure pre-report, as a just-in-case the report was bearish. Wheat prices languished at trading range lows into the report. Grains continued to see pressure into the report. Other key features included a rebound in oilshare off higher palm oil and crude prices. The August report was neutral to bearish for corn and beans, but short-covering was noted after the numbers were released. The August 12 WASDE was as follows: Corn &nb...
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.