Wheat futures defied their downtrend and moved higher on news of rising Russian prices. Corn futures are a nickel away from their contract low while soybeans’ buying interest faded late in the day. General Comments Dull, low-volume trade characterized today’s futures market action or inaction, if you prefer. Yesterday’s weekly crop condition report showed corn and soybean maturity still lagging behind average, which helps explain why harvest progress is also behind average. As of last Sunday, USDA said that 17 percent of corn had been harvested, 9 percent less than average for the date. Soybeans showed 22 percent harvested, or 4 percent below average. Harvest of both crops lost ground to the 5-year average last week. Conditions for harves...
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.