The September WASDE is typically one of the most volatile reports of the year with USDA’s “objective yield” assessments of corn and soybeans prone to elicit strong market reactions. This year was no exception as the market misjudged USDA’s plans for the soybean yield and ending stocks, and had to scramble to rally and ration new crop demand in light of the new information. Soybean futures ended 76 cents higher for the day and are technically poised to rally further. Corn futures posted 9-13-cent gains as well and are also ready to challenge key technical resistance levels. USDA didn’t change its expectations for the 2022/23 wheat crop and that market generally drifted lower amid some pressure from bull corn or...
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.