GOOD MORNING, The May WASDE has come and gone, and technically the markets did not break down. Quite the contrary, as the focus of the report was huge ending stocks in corn, which were by and large not achieved. There has already been a rush to the downside courtesy of Covid-19, and lower ethanol usage factored in to today's lower prices. Once the largest number is advertised, the onus is on the market to achieve it, and for the bear that fell short. While corn prices saw net short-covering, beans spent the majority of the session working to value current trading range levels as funds hold a modest only long position. Wheat futures had the most bearish slant, and fell to new lows as the first forecast of the 2...
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
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.