CBOT grain futures were largely beneficiaries of a dead cat bounce today – lead by soybean futures – while livestock futures continued their implosion. News is light ahead of the March Prospective Plantings report by USDA and traders are finding good equilibria/ranges to stick within while waiting for the latest acreage figures. Outside markets are higher – another dead cat bounce? – after yesterday’s selloff. The Dow is 104 points higher while the S&P 500 is essentially flat. The CBOE’s VIX is steady (down 8 points) while COMEX gold is lower in largely sideways trading. Crude oil futures are higher with both WTI and Brent up over $1.25/barrel as of this writing. Corn May corn futures f...
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.