Following is an ad hoc summary of some of the important numbers from USDA's October WASDE.In a year of drought and tight supplies, every month's fresh estimates of production, supplies and demand from USDA are eagerly anticipated with traders trying to position themselves in advance based on their pre-report expectations. Leading up to today's report, non-commercial traders increasingly came to fear a bearish report, and they aggressively shrank the size of their long positions. To a great extent, commercial interests were the buyers of what the money managers sold. These opposite approaches basically reflect a differing market focus. Non-commercials were concerned with expected bearish changes in production estimates, but commercials wer...
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...
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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.