The CBOT finished a volatile week on a high note with corn finding support from a fourth consecutive daily export sales announcement. China booked 0.8 MMT of corn, bringing this week’s known purchases along to 3.8 MMT. The soy complex was higher as well with support coming from yesterday’s selloff to trading range lows. Bull spreading continues to be a favorite trade, which is keeping deferred futures pushed down near trading range lows. Funds were surprisingly large net buyers of corn through Tuesday, according to the latest CFTC data. WPI’s analysis also shows that funds now hold a five-year record large share of open interest in that commodity. Funds were modest net sellers in the soy complex while also liquidati...
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.