While USDA's lowering of the final 2015/16 U.S. corn production estimate in the January WASDE was a mild surprise, its forecast for ending stocks was adjusted upward. Meanwhile, it will not be many weeks before the market begins to discuss new crop planting and prospects for the 2016/17 corn year.It has been a few months since we last looked at the supply/demand outlook for corn. In the interim, the U.S. finished harvesting its third-largest corn crop. Corn futures prices have fallen from $4.00 to around $3.50, although they have recently rebounded $0.15-0.20 under a combination of macro influences. Strong export completion from Brazil, Argentina and Ukraine has curtailed the U.S share of the relatively stagnant world corn trade. Argentina...
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.