Overnight trading was a quiet, low volume affair with only limited price changes for grains and the soy complex. As the day session progressed, however, wheat ran out of friends who then also deserted (once again) the soybean market. Wheat’s downturn was led by KC HRW, in which funds still hold a long position that they were trying to get out of today. Those futures closed 9.5-12 cents lower and only about 10 cents away from 2018 lows. Chicago SRW was down 7.25-8.5 cents. According to USDA, the HRW harvest was 41 percent complete as of 24 June (well above average), and it should be resuming after last week’s rain. The SRW harvest is also well underway with generally good yield reports. The recent pressure on KC wheat has put KC...
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.