The certainty that comes with USDA WASDE numbers inevitably fades during subsequent trading sessions as the focus shifts to what some might derisively call conformation bias. The harvested acres are large, but test weights are low due to drought. The stocks are tight, but Russia and Brazil are 800-pound gorillas when it comes to wheat and soybeans, respectively. Look at India’s situation, and how about dryness in Australia and Southeast Asia. Still, it is what it is. That is why days like today are about tweaks and not definitive shifts, unless you are in the ever-bullish cattle market. Corn and soybeans sank on the report while wheat shot higher for two days. But after two days it was time to take profits in wheat and all thre...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.