The September Grain Stocks report did not fail to excite, coming in with surprisingly bullish numbers that sent soybeans as much as 41 cents higher. Wheat traded to 39-cent gains at the day’s peak while December corn futures posted 18-cent gains at the day’s high amid a sharp reduction in stocks. Short covering was a dominant theme of the day and funds extended their existing length in grains/oilseeds. The headline numbers from the Grain Stocks report are that corn stocks fell to 1.995 Bbu, 10 percent below last year’s figure and 233 Mbu less than the September WASDE estimates. USDA revised 2019 corn production 2.67 Mbu higher to 13.691 Bbu. The data imply a June-August Feed and Residual use of 928 Mbu, which would...
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.