Bulls looking for affirmation in today's WASDE report were not disappointed. USDA slashed its corn and soybean production estimates. While the market already had mostly priced in (for now) the loss in corn production, the soybean number came as somewhat a surprise. USDA took 4.4 bushels off the average yield when many believe the crop still has time to reach its potential.USDA estimated a decline in 2012/13 corn yields to 123.4 bushels per acre. (The current drought has caused USDA to consecutively drop the estimated annual yield by more than 20 bushels per acre for the past two months, declining from 166 bushels per acre in June to 146 bushels per acre in July, and now 123.4 bushels per acre in August). Of course, futures prices have rea...
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.