Tomorrow (28 February) is the first day for delivery intentions against March futures contracts. As of the close yesterday, more than 105,000 contracts of March corn and about 72,000 contracts of March soybeans remained open. The grain, soybean and soymeal markets are heavily overbought and ought to be technically vulnerable to a major price correction. However, this seems unlikely to happen until there is some significant relief for the Argentine and U.S. Plains droughts. This is not to say that prices will not decline at all, but if/when they do, it is likely to be limited and of short duration. There are chances for a few widely scattered showers around the peripheries of both areas, but relief for either drought does not appear in 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.