GOOD MORNING, The markets are breaking down to new lows as rains spread across Argentina and funds begin to tire of markets that fail on higher trends. Prices chop back and forth each day, while stronger nearby futures invite more bull-spread activity. The bean and corn basis remains steady to higher, as is soyoil basis. Wheat finds demand on lower prices. Technically prices remain on the defensive after a lack of upside follow-through. Russia's SovEcon increased their wheat production forecast by 3.0 mmt, as more rains traveragerse the HRW areas. Corn trade cannot go higher despite more Chinese business being transacted due to the weight of the rest of the board. Nearby bull spreads...
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.