Fund short-covering, worse-than-expected U.S. wheat conditions, and a hot, dry weather forecast for Argentina sent grains and oilseed futures sharply higher this morning. KC wheat gapped almost 3 cents higher at the start of the overnight and never looked back, finishing today up 16 cents. March Chicago wheat gapped higher in the overnight session too, though a brief mid-day bout of selling filled the chart gap. Corn and soybeans were higher overnight as well, though the fireworks were more prominent in wheat. Outside markets did not follow ags’ lead today, with the U.S. dollar falling 11 points as of this writing to 89.23, the Dow Jones index down 336 points (1.27%), and the S&P 500 off 24.2 points (0.85%). Of course, the...
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.