THE OPEN July beans: 2 higher July meal: 2.00 higher July soyoil: 35 higher July corn: 8 higher July wheat: 10 higher The markets opened stronger than expected with all putting in a good rally led again by soyoil and corn futures on a combination of short-covering, bargain-hunting, and pricing. Good export sales lifted corn prices from the start of the session, while oilshare gained more ground. In news stories, US and Chinese trade representatives met, reconfirming their commitment to the Phase 1 trade agreement, which is now in its second and final year. The Chinese are asking for a roll -back of the tariffs put in place by the Trump administration as a pre-condition to negotiating the next...
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.