Wheat markets finally have begun to focus on the continued severe drought covering the Plains HRW production area. USDA's weekly crop condition report for all winter wheat reported that as of 25 November, just 33 percent of the 2013 new crop was rated as in good or excellent condition, a record low for late November, while 26 percent of the crop was poor or very poor. The good/excellent category fell 1 percent, and the poor/very poor category grew by 2 percent compared to the prior week. HRW is in bad shape because little or no rain has fallen in the past 30 days. Unfortunately, the weather outlook is for this situation to continue for the foreseeable future. Soil moisture is in rapid decline. In a sense, the weekly crop condition numbers...
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.