The May futures contracts expired today without any deliveries of soybeans, corn or soybean meal. And why should there have been deliveries? The value of all three of these commodities in the cash market has been and remains far above their delivery value. Those with short positions in the May futures for these commodities have been forced to buy their way out of their positions, and they have done this in a relatively orderly fashion. However, to get out of their short positions, they were forced to pay very large premiums for the May futures compared with prices for the respective July futures contracts. The prices they paid to cover their short positions in the old crop May futures were enormously higher than the respective new crop co...
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.