The CBOT initially looked set for a quiet day of post-holiday trade on Tuesday, but that was before Russian President Putin elevated political tensions in the Black Sea region. Putin threatened to increase attacks on Ukraine in response to Ukraine’s recent attacks on Russian tanker vessels, and the political drama comes as U.S. representatives are meeting with Putin and Russian officials in Moscow this week. That news sent corn and wheat futures higher with bullish chart action and noted bull spreading in corn. The soy complex did not have the same reaction as disappointment over another day without news of exports to China left futures to drift lower. Beyond the Russia-Ukraine developments, there was little fresh news for markets and...
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.
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...