Soybean futures prices were hammered into big losses when hints of improved weather prospects sent long positioned traders running for cover. Today’s volatility is a sign of the kind of market environment that is likely to see for at least the next six-nine weeks. General Comments Overnight trade saw markets continue to add weather risk protection with prices generally higher across the board. This continued early on into the day session until one of the midday weather model runs hinted that the high pressure ridge might moderate and shift westward during the last week of July. This would not represent a major pattern shift, but for those scanning models runs with magnifying glasses seeking even the barest sign of change, it was enough to...
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.