Grain and soy futures were firmer overnight with wheat the leader. Winter and spring wheat futures traders seemed inspired by wheat’s ability to avoid the downdraft that took corn and soybean values lower Wednesday. Also, press reports noted dry conditions in the western Canadian Prairies, Australia and Kazakhstan. With world supplies already declining, traders have tended to react to any sign of possible further reductions. World wheat supplies may be headed lower in 2018/19 to a degree, but they should remain more than ample. Wheat was able to hang onto gains during the day, but corn, soybeans and soymeal ran out of buyers midway through the session and turned lower. Chicago and KC wheat closed up 3-5 cents with MGEX gaining...
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
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.