GOOD MORNING, The markets are mostly firm this morning after trading mostly higher in the night session. Dec and Jan meal placed new contract highs overnight, and there are rumors that China purchased both US and Brazilian beans on the break. Those rumors come despite reports of possible Chinese bean cancellations. The market is therefore focused on weather and production, and for the moment it is not assured that La Nina has gone away. Funds are an estimated net long 30K contracts of wheat, 280K corn, 220K beans, 80K meal, and 109K soyoil. Corn: On the bull side is the recovering crude oil market, and lower carry-out as exports remain good and crop size questionable with growing problems around t...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
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.