2016 will be another big wheat production year. The question will be how quality wheat separates itself from the voluminous amount of feed wheat, but there is an obvious answer.The funds have maintained their record or near-record short position in the Chicago wheat futures for a long time. The chart below shows the history going back to the mid-1990s. That short is the result of four consecutive record or near-record world wheat crops. 2016 will be another big wheat production year with larger crops in the U.S., Black Sea, Canada and Australia more than offsetting a significant decline in the EU, particularly France.World wheat ending supplies will expand again in MY 2016/17 based on what is known today. There was roughly a 75-day supply o...
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...
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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.