Minneapolis futures had an incredibly volatile week, but nothing really changed from a fundamental aspect other than the hard red spring wheat crop got smaller. There have also been comments that spring wheat will price itself out of flour blends.The short answer is we think so. Minneapolis futures had an incredibly volatile week. The September contract (shown below) traded as high as$8.68½ early in the week and as low as $7.55 after the mid-week holiday. Nothing really changed from a fundamental aspect other than the hard red spring wheat crop got smaller. There has still been no rain across the western two-thirds of North Dakota, South Dakota and eastern Montana, and temperatures have been in the mid-90s to over 100°F. The entire hard red...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.