Grain and soy futures markets basically just marked time overnight and this morning until USDA released its quarterly stocks and prospective planting reports at noon (EDT). The lower-than-expected planting intentions for corn were a big surprise, but the lower soybean plantings were an even bigger one since an increase had been anticipated. An immediate wave of buy orders sent prices sharply higher. Soybean futures quickly traded up 24 cents as corn prices hit double-digit gains. Soybeans were up 32-33 cents at their highs, and corn prices peaked at 14-16 cents. May soybeans finally closed up 26.75 cents at $10.4475, and November was up 31.25 cents to close at $10.4775, a 3 cent premium to May. Soymeal also reacted strongly, closing up $12...
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.