The corn and soy markets were buoyed by the sharply falling U.S. dollar and fund buying, but much less so than wheat. Soymeal and oil were also slightly firmer. General Comments It was just yesterday that we highlighted the very large short position in ag commodities that managed funds had accumulated, and we suggested that the sheer size of their short would be the most likely cause of a market rally in the short term if/when funds were compelled to make a major short covering effort. Little did we know that such an effort was only hours away. We were also remiss in not noting the risks from large speculative long positions in the USD as the U.S. Dollar Index climbed above 100 points. These factors all came to a head when to the surprise...
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.