The CBOT was mostly steady on Monday following Friday’s volatile reaction to the September WASDE. Corn, soybeans, and SRW wheat were all lower but traded benign days on their charts from a technical standpoint. Export potential is once again under duress from Tropical Storm Nicholas, which hit the Texas Gulf this morning. Overall, the CBOT adopted a patient, slightly weaker tone as traders and analyst evaluate U.S. yields and export demand. In contrast to the CBOT’s stability, the CME (i.e., livestock) markets collapsed today with cattle leading the way after a fire broke out at a Nebraska packing plant. Looking forward, WPI expects the CBOT to turn sideways heading into harvest. This is the wrong time, seasonally, for th...
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.