The CBOT opened sharply higher on Tuesday following a long, holiday weekend that saw U.S. weather forecasts deteriorate significantly. Spring wheat (Minneapolis) futures led the market higher (how many times do you actually get to say that?) as the worsening drought in the northern Plains is placing significant duress on that crop. While the CBOT traded higher, weekend news that the world’s largest meat packer – JBS – suffered an operation-suspending cyberattack sent cattle futures to limit losses at the open. Both the near-term and long-term U.S. weather forecasts are concerning for crop production. The 6-10-day and 8–14-day outlooks call for above average temperatures for the west, western Corn Belt, and Upp...
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.