Grains and the soy complex were mixed in the overnight session with soy lower and grains firmer. The volume of overnight trade was good with 19,000 March corn contract traded and 17,000 contracts of March soybeans and almost 7,000 contracts of March Chicago wheat. The day session, however, featured predominantly higher prices with grains and the entire soy complex finishing in the green for the day. In the livestock complex, only feeder cattle lost ground and live cattle and lean hogs finished with solid gains. Grains gains were largely attributed to tightening in global corn supplies (not that supplies are “tight”, just tighter than was thought yesterday) while the soy complex was higher largely on sympathy buying. ...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.