Markets were generally soft overnight. That pattern of weakness then held throughout today in corn and wheat markets, but the soy complex did not follow and closed higher for the week. Friday’s volume was underwhelming except in Chicago wheat. Outside markets were higher today. Oil was trading with gains of more than $1.00/barrel. The U.S. dollar was firm, and U.S. equity markets were also strong. Corn FUTURES Corn was weaker, mostly in concert with the big losses in wheat, and closed down 2.25-4 cents. Open interest in corn futures is now the biggest ever, which is interesting in view of the sizable old crop U.S. ending supplies. U.S. corn export sales have been on a torrid pace, however. That is expected to continue for...
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.