GOOD MORNING, Prices were lower in the early part of the night session but were able to recover and post higher trades for most of the markets. The aftermath of the report continues to see traders digesting the numbers and re-positioning. Futures appear ready to now enter into wide trading ranges for a while, but it is yet to be discovered whether this morning's prices can hold. If they can, it would go a long way towards price stabilization. China will be on holiday next week, so the market may thin out for a bit and settle into a further defined range. Brazil's CONAB estimated 20/21 bean production at 133.817 mmt vs. 133.7 prev., which was not as high as some had estimated. There was...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.