Chicago futures saw the December corn contract lose 8.5 cents today and November soybeans lost 10¾ cents reportedly based on uncertainty about exports out of the Gulf due to damage from hurricane Ida. There was notably less concern in 2005 about exports out of NOLA when hurricane Katrina hit the region. Chicago futures remained steady for several days after the storm. Commentary at the time focused on how the moisture moving northward from the storm would help to finish summer crops. There was discussion immediately post-Katrina about adverse impacts on the cotton crop in the deep south. There has been similar discussion the past two days about the Delta’s cotton crop being at a critical maturation stage. However, ICE De...
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.