The theory is that USDA’s Crop Progress report ahead of a WASDE report should be indicative of changes in yield forecasts. In other words, an increase in the share of a planted crop being designated good/excellent (G/E) ahead of a WASDE report is more likely to increase the forecasted yield, and a lowering of the share categorized good/excellent is predictive of a possible lowering of forecasted yield in the next WASDE report. However, a review of this relationship in recent years indicates that the Crop Progress report has not been a good near-term predictor of changes in USDA’s forecasted yields. 2016: The Crop Progress report ahead of the June WASDE indicated improvements in the G/E ratio for corn and soybeans but there was...
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.