The CBOT finished the week on a high note with funds and speculative traders buying heading into a weekend that is forecast to be hot and dry for the U.S. December corn posted a technical upside breakout while old crop corn, soybeans, and wheat moved towards the high side of their new trading ranges. Funds are often reluctant to extend positions and buy aggressively heading into the weekend, a fact reflected in today’s trade as few markets moved outside their trading ranges. However, if the weekend weather forecast is correct, Sunday night will likely see a strong bout of buying. The CBOT is increasingly entering “weather market mode”, which means weekend weather and updated weather forecasts have an outsized impact on pri...
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.