The CBOT was slightly lower for most of the day until late-afternoon selling pushed the market to steeper losses. At one point, wheat futures were in the green, but selling in the soybean market took care of that. Cattle futures were steady in anticipation of Friday’s Cattle on Feed report while the hog market headed south on lower pork prices. The Export Sales report was bearish old-crop corn and soybeans and new-crop wheat. Old-crop corn exports are up 2 percent from last year but still only 94 percent of USDA’s target with one week left in the marketing year. Soybean exports are in a similar position, down slightly from last year and under USDA’s forecast. Wheat exports continue to disappoint, hitting only 17 mil...
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.