There was direction in the market today, but some of it was a little surprising. There was some higher volume but only in soyoil and live cattle. To call corn sideways is an understatement. It traded a penny/penny and a half lower all session until the very end when it closed up a half-cent. Otherwise, the market seemed to totally ignore various trade estimates predicting lower crop output numbers by USDA next week. The market could not have found much bearish in the weather situation. There is a late season break in the heat and some moisture as well but for the west and south, but it is also now time to prep for harvest. Maturity has arrived early for heat trodden crops and lighter corn test weights are expected. In fact, an overal...
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...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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