The market is frothy. Tomorrow’s USDA WASDE report could affirm today’s relatively bullish sentiment, or it could break it on fundamentals. The question is whether USDA’s corrections in yield, production and stocks go as far as current guesses. In all likelihood, there will be some disappointment, and some satisfaction. Like equities before this week, commodities have been in a little melt up. There was some positioning ahead of tomorrow but not the usual kind. It was more risk on than risk off. Buy corn and wheat, sell soy. The December corn contract is now at a five-month high despite it being harvest time and amid record global stocks. The U.S. alone is facing more than 2 billion bushels in corn ending stocks. T...
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.