The CBOT ended mixed in two-sided trade on Friday with the lack of significant changes in Thursday’s WASDE leaving the markets somewhat directionless. Wheat futures showed perhaps the greatest strength as the market finished 8-9 cents higher after pushing to new selloff lows, thereby forming a potential reversal on the charts. Corn and soybean futures were mixed but the oilseed market found greater strength due to a demand-induced rally in soymeal. Funds were net sellers of some 8,000 contracts of corn on Friday but bought some 10,000 soybean contracts and 4,500 contracts of wheat. Funds were also net buyers in soyoil as the market tries to form a bottom near technical support and secured some 14,000 contracts today. Moreover,...
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...
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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.