Wheat was steady overnight but turned lower at today’s opening. The selling pushed the March Chicago contract below $4.70, and that triggered more technical weakness. There is no weather to worry about except for the ongoing drought in India, but that hasn’t attracted much market attention. General Comments Markets were mostly steady overnight, but they turned negative at today’s openings, led lower by wheat. Its late weakness yesterday coupled with a stronger U.S. dollar today and Egypt’s cancellation of a tender caused wheat to drop. Corn and soybean futures were 1-2 lower much of the morning and weakened into the close.Financial markets were also lower early today and sharply down when the commodity markets closed. The U.S. jobs report...
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.