The CBOT started the new week on a bearish note with last week’s WASDE and fund selling as reported in the CFTC report creating pressure. Corn has the most bearish fundamentals right now, so it’s understandable that the market dropped to a new low for the year and broke technical support. Wheat and soybeans seemed a little bit in the passenger’s seat for the day with little fresh news available to offer support. Indeed, soybeans saw selling pressure based on last week’s NOPA crush report that, for the day, overrode any fears about tight U.S. carry-out for 2023. Seasonally, this is the time of year when futures see added pressure as the harvest advances, so it would be unsurprising to see markets continue to drift low...
What You Need to Know Today: End-of-month profit taking sent the CBOT broadly lower, though corn and soybeans managed to post small gains to continue their rallies. Turkey’s foreign ministry claimed to have a plan to ensure safe passage for both Ukrainian and Russian grain vessels via th...
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
Key Takeaways: Corn and soybean prices rallied sharply last week as declining U.S. production expectations collided with strong demand, raising the prospect of tighter supplies and leaving the market with a smaller margin for further yield losses. The USDA’s lower August yield estimates...
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.