Many in the market see today's soybean prices as low versus the highs of the last three years. Perhaps many of the new players in futures markets do not realize the prices of the past few years were not normal but quite atypical compared with most of the last decade. Why Are Soybean Prices Still So High? I received an interesting call from a farmer friend of mine this morning. He wanted to know why I though soybean prices are still as high as they are considering the global supply and demand situation. This farmer sold soybeans yesterday for delivery in the fall of 2015 and 2016 for approximately $9.65/bushel. In fact, the soybeans booked for delivery in 2016 brought a slight premium over those for 2015. My friend said he has already sold...
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.