With the February WASDE in the rearview mirror and traders having contemplated the numbers for a while, the CBOT markets showed mixed reactions to the fundamental update. The corn market reversed course from its post-WASDE selloff and instead chose to focus on the bullish factors on the horizon, namely the weather issues in South America. Conversely, the soy complex increased its focus on the bearish implications of the WASDE’s large-supply outlook and sold off sharply. The wheat market was caught between these two influences and a bearish move in Paris wheat overnight and both the CBOT and KCBT markets ended with slight losses. Funds reinforced their bullish corn positions while paring back similar bets in the soy complex. In t...
What You Need to Know Today: Non-farm payrolls rose by 172,000 jobs in May, above economist expectations of 80,000 jobs. With the job market strong, the Fed may consider raising interest rates to tame inflation. The strong jobs report was a catalyst for lower risk appetite across financial and...
Newworld screwworm Update The detection of New World screwworm (NWS) in Texas on Wednesday has been volatile for the cattle markets. The confirmation came on Wednesday evening, and the futures market opened sharply lower on Thursday. Market participants cited unknowns about cattle supplies and...
With considerable fanfare—and few specifics—USDA last week announced its Great American Cotton Plan for 2026-2031. Secretary Brooke Rollins and industry leaders described the initiative as a comprehensive strategy to address the persistent challenges facing U.S. cotton production, d...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.