The CBOT was mostly higher on Wednesday with soybeans again leading the way. Strong commercial demand for soybeans is pushing basis levels sharply higher at a time when USDA is expected to cut its estimates of U.S. old and new crop ending stocks. Corn joined in on the rally, due partly to spread trade and better-than-expected fuel demand last week, but largely to a weather forecast that favors warm, dry conditions heading into the peak pollination period. Overnight weather models reaffirmed the EU model’s recent prediction of a high pressure ridge over the central U.S. that will keep most of the U.S. crop-growing region(s) under warm, dry conditions. Amid tight U.S. and world stocks this year, the markets do not want to see any threat...
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.