"Nothing is certain except that nothing is certain." The same can be said about the markets' often unpredictable nature. Bob Kohlmeyer commented on this capriciousness on Tuesday, 13 October 1998, when he wrote: It is safe to say, we think, that no one predicted in advance what today's ag futures market would bring by way of a rally. Who would have predicted that Dec Corn would settle up 8 cents/bushel? But that is what happened as a result of the following:1. USDA Secretary Glickman was quoted by wire services as saying that USDA was considering the use of its old direct credit program (GSM-5) to cover shipments of US wheat, corn, poultry, etc. to Russia.2. Markets, which had opened more or less unchanged, began to react to talk that USDA...
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.