One of the hallmarks of a bear market is that buyers are patient and wait for rallies to subside, rather than chasing prices higher. That dynamic was on display this afternoon as the CBOT finished lower despite early morning gains. Demand has thinned in recent days amid the modest CBOT rally, and that left the market with pressure today. One of the day’s features was bear spreading in soybeans as Chinese demand is increasingly focused on new crop positions. With Brazil remaining competitive against U.S. offers, Chinese buyers have secured most (80 percent or more) of their summer crushing needs from South America. Chinese crushers are still open for August/September positions, where the U.S. is competitive. However, without str...
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.