The CBOT opened on a firm note but aggressive selling pressure in wheat sent that market sharply lower and capped gains in corn futures. Soyoil traded sharply higher, supported by overnight gains in palm oil and strong technical buying, which helped the soybean and soymeal markets firm as well. The biggest news of the day was the Russian economics minister announcing that a proposal for wheat export tariff rate quota (TRQ) is under consideration. As detailed further in this week’s European Market Analysis from WPI, the system will likely be applied from 15 February through 30 June and would result in a $30/MT tariff applied to in-quota shipments. The announcement was friendlier to world wheat supplies than many expected, and co...
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.