Markets were lower again in the Sunday night session as well as throughout today. Corn and soybeans were still suffering a hangover from the Pro Farmer tour’s big estimates. Funds remain long Chicago wheat futures and have gotten crushed, and they continued to exit long positions today. USDA also announced the soybean, wheat and corn payments that are part of the aid package for farmers affected by the price damage caused by the China trade problem. They matched the levels rumored last week of $1.65/bushel for soybeans, $0.14/bushel for wheat and just $0.01/bushel for corn. It will cost more than a penny a bushel to issue the corn checks. These payments are on 50 percent of a farmer’s 2018 production, and a second payment may b...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
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.