The CBOT was mostly lower Wednesday as a stronger U.S. dollar and a general "risk-off" mentality drove the day’s weaker trade. Wheat futures saw the biggest losses in the grain complex as traders booked profits following the recent rally. Traders also bet that the current cold snap won’t support current values until March, when winterkill rates can be assessed. Weakness in wheat futures spilled into the corn market, and March corn gave up its newly won position above $5.00, which could trigger further liquidation heading into the weekend. Soybeans and soyoil faced selling pressure Wednesday, with South American crop conditions and political uncertainty surrounding biofuel demand driving most of the action. Funds emerged as net s...
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.