Global food security is supposed to be broadly at risk but acute tightness in grain stocks is more limited to wheat. Global rice stocks are about the same as in 2020/21 yet rice prices are 23 percent higher this year. Similarly, world soybean stocks will be about the same as in 2020/21 and will expand by 16.8 percent this year, yet season average soybean prices are forecast one-third higher than two years ago. World corn ending stocks are larger than two years ago, but season average corn prices are predicted to be 49 percent higher. The world’s wheat stocks will drop 4.5 percent from last year and the lowest since 2016/17. Wheat prices deserve to be in the stratosphere this year. These data ignore stocks to use ratios but thos...
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.