After early weakness, most corn futures contracts closed unchanged or near thereto. Meanwhile, in the face of all the macro turmoil, soy complex futures performed rather well. General Comments The National Oceanic and Atmospheric Administration’s (NOAA’s) latest outlook for the current strong El Nino has it weakening more slowly than expected. It indicates the weather pattern will linger on until the fourth quarter of 2016. In late 2015, many private forecasters were predicting a rapid decline of El Nino with a La Nina showing up by mid-summer. The NOAA outlook would appear to preclude the development of a La Nina so quickly. If El Nino does linger on through the summer of 2016 as it slowly weakens, this would seem to reduce chances of a...
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.