General Comments Corn got all dressed up today and had nowhere to go. The WASDE report was bullish in comparison to the average analysts' expectations. Prices did open 25 cents higher only to consistently sell-off into a negative 18-cent close. Profit-taking and/or outside market factors may have contributed to that sell-off, but those reasons are largely irrelevant. The most important outcome of today's negative price action is the reduced odds for a suspension of the Renewable Fuel Standard (RFS) mandate. Suspension of the mandate seems highly likely to return for serious consideration, but not until next spring when corn prices are completely out of hand.Many feed grain buyers were maintaining hand-to-mouth positions, perhaps with hop...
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.