The CBOT was mixed at mid-week and mostly continued its consolidation after the recent WASDE-derived surprises. Corn futures pushed higher with stronger spread trade and players still watching the dryness in Argentina and slowly growing potential for a late start to the Brazilian safrinha planting. Fresh news was light for the day other than a bullish NOPA crush report that put December soybean processing at an all-time high. Much of the bullish momentum in the ag markets is concentrated in livestock, particularly cattle markets, with grain futures feeling like they are trying to establish new trading ranges following their post-WASDE adjustments. WPI looks for continued consolidation in CBOT markets through this week and likely the next on...
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.