Non-Russia fundamentals were finally at the forefront of the CBOT on Tuesday with corn and soybean futures rallying on strong commercial demand and bull spreading. Wheat futures pulled back and posted 20-cent losses as Russia and Turkey prepare for what most (including WPI) expect to be unfruitful talks tomorrow regarding grain exports from Ukraine. Wheat was the sell-leg of corn/wheat and soybeans/wheat spreads and bull soymeal/soyoil spreading was also a theme of the day. The day’s bullishness in corn and soybeans was somewhat of a surprise given Monday’s Crop Progress report that showed, except for North Dakota, strong planting progress and favorable crop conditions. The bottom-line markets to which markets are continually re...
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...
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...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.