THE OPEN Nov beans: 3 higher Dec meal: 2.40 higher Dec soyoil: 24 lower Dec corn: 1 higher Dec wheat: 5 lower The markets opened as expected with soyoil and wheat prices trading to new lows while bean, meal, and corn congested into the early part of the session. Traders just seemed to be waiting for the report to kick off for the next potential price direction. Outside markets were firmer, with an announcement that there was a phone call between the US and Chinese presidents regarding future strategies. As to the Gulf, exports are slowly coming back on line with two export terminals resuming loading. At 11:00 am central time, here is what the Sep. USDA report had to s...
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.