It was a very dull day of trading in which commercials were largely hands off and funds were net buyers of minor quantities. Collectively, managed funds have cast their lot on the short side of the corn and wheat markets in a big way and greatly reduced their soybean long position. General Comments It was not exactly a classic Turnaround Tuesday, but corn, wheat and soybean futures prices all closed slightly higher today. The only closing numbers that were not green (higher) on our screen were May and August soymeal, which closed unchanged. For the record, July meal closed up $0.20. Today’s gains were small and some were hard fought, but at least they were gains two days before Friday’s key reports. Volume was very light, and trading rang...
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.