The market's problem continues to be adequate supplies of wheat and feed grains around the world and few worthy weather issues to talk about as the spring planting season is moving quickly along.We've been writing for what seems like months that the markets are sitting in a void of news, either bullish or bearish. Unfortunately, no news is bearish news and that continues to be the case with wheat and feed grain markets. The soybean market (as John Baize wrote in Ag Perspectives last week) continues to search for bullish news even when the longer-term fundamentals for soybeans are far more bearish than for wheat or feed grains. The result is that funds continue to buy soybean and soyoil futures while selling wheat and feed grain futures. The...
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.