The CBOT traded mostly higher on Tuesday with the soy complex leading the way. Overnight gains in palm oil and yesterday’s new contract high in soyoil paved the way for stronger soy trade, a trend which was only amplified by the NOPA report. Wheat and corn traded slightly higher, but the feature of the day was spread trade with buy wheat/sell corn trade developing. Funds remain long, unwilling to give up profitable positions or get short with the two-week Brazilian forecast remaining dry. Russian Prime Minister Mishustin signed a decree overnight that will seek to stabilize Russian food prices. Notably, the signed decree includes the proposed wheat export TRQ system WPI discussed yesterday. The decree dictates a $30/MT tax will...
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.