USDA reported that planting of the U.S 2013/14 corn crop was only 12 percent complete as of 5 May, which is the second slowest corn planting pace on record. As shaky a start as that may be, the forecast for warm, dry weather across the Corn Belt next week provides hope that corn planting progress will advance enough to support the anticipation of a very big crop. The remainder of this week will see more rain over the western Belt and Delta, but there should be enough progress in the East this week to advance planting progress to around 30 percent by 12 May. If the weather plays out next week as advertised, planting should reach at least 65 percent by the 19 May report. That is certainly not ideal by traditional standards; however, it woul...
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.
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...