The crops are planted and doing quite well by most accounts.They are simply very late. There is no dome of doom in the immediate forecasts. Significant portions of the western Corn Belt need rain and some of the extended forecasts are calling for precipitation, but nothing widespread or significant. Corn and soybean prices have collapsed toward recent lows, with December corn at $5.00 and November soybeans at $12.50. The two are still very different markets. Old crop futures and basis remain very strong for both, while new crop futures are soft and basis levels flat. Producers have remained nearly silent in terms of selling any type of new crop throughout the wet spring and late planting. Commercial buyers continue to say that their new c...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.