The CBOT was called to open higher heading into the July WASDE and markets did just that. Canola offered initial support, gapping higher and trading to limit gains. The July report was neutral U.S. corn and soybeans, which prompted some post-report short covering and speculative buying. Traders were bracing for bearish figures and the lack thereof proved bullish, at least for today. The surprise of the day was wheat, with USDA cutting production more than expected due to drought impacting the spring and durum wheat crops. Funds were net buyers for the day, but one did not get the sense funds were rushing to the long side of the market. Rumors of Chinese interest in U.S. and Brazilian soybeans also helped the market trade higher, despite the...
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.