The CBOT and CME markets were almost unanimously lower to start 2023 with demand – either from exports or domestic consumption – being a primary factor for the day’s declines. Last week saw strong rallies in several markets, including corn and the livestock contracts, but those moves failed to attract much fund buying interest this week. Outside of the weather and supply potential for South American crops, January is a quiet period in the commodity market news cycle, and demand (i.e., exports) and seasonal patterns take on a greater influence. Seasonally, grain markets tend to grind higher into the spring and Tuesday’s start-of-the-year weakness could just be a temporary setback. For that to be true, however, grain e...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.