The January WASDE did not disappoint those looking for volatility, sending corn futures to limit-gains and sparking a 45+ cent rally in soybeans. The report’s headline statistics were substantial cuts to U.S. and world ending stocks for corn, soybeans, and wheat. Reductions in U.S. corn and wheat ending stocks were greater than expected and sparked a strong rally following the report’s release. Funds were net buyers on the day, especially in corn and wheat, though soybean futures trading volume was oddly light. Today’s report confirms the 2020/21 bull market will continue and that world grain and oilseed supplies are tightening. The following tables offer key statistics from the January WASDE with greater discussion...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.