SPREADS Dec crush trades to 87c/bu while oilshare is at 33.79%. Volume remains huge for the March/Dec corn spread which narrows into 10 3/4c from 11c. Dec wheat weakens vs. corn with the spread trading at 1.27 1/2c to 1.28c. Dec 19/Dec 20 corn trades back out to 22 3/4c. Dec/March wheat widens back out to 6 1/2c from 5 3/4c. PALM OIL Holiday NEWS Stocks trade higher, up 90 pts. The US dollar trades to 98.89. Crude trades to $56.24 /barrel lows. CALLS Calls are as follows: beans: 2 1/2-3 higher meal: .30-.50 higher soyoil: 15-20 higher corn: 1 1/2-2 lower wheat: 3 1/2-5 lower canola: 1.20-1.40 higher BUSINESS USDA report...
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.