THE OPEN November beans: 5 3/4 higher December meal: 1.90 higher December soyoil: 23 higher December corn: 2 3/4 higher December wheat: 3 3/4 higher The markets opened as expected with further gains in oilshare and profit-taking in wheat. Buy corn/sell wheat and buy soyoil/sell meal spread trade dominated all day. There was no doubt macro-spillover as outside markets opened strongly on higher Chinese stock markets as well as further advances in the treatment of Covid-19. Position-evening was also noted for much of the day, as funds covered in more short positions and took profits on a higher bean market. Cleaning up of September positions was also a mechanical trade as...
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.