Weather reduced production coupled with increased demand have whittled down global surplus grain stocks, but the changes have not been uniform. China is the largest holder of surplus wheat and corn stocks, and Beijing has reduced its corn surplus by 11 percent and the wheat overhang by 6 percent. Those are small cuts but from a large base. Meanwhile, the EU has reduced wheat carryover by over 50 percent from their peak. However, in terms of volume, no country has reduced its wheat and corn stocks from their peak as much as the U.S. – a collective reduction of over 42 MMT. There are contrarians. For example, South Africa’s modest corn surplus has been held steady while India’s wheat ending stocks are up 12.5 percent...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
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.