The CBOT was mostly higher to start the week, though fundamental reasons for the rally were few. Russia again attacked Ukraine’s Odesa port infrastructure overnight, which helped Paris wheat futures edge higher and bring support to the U.S. markets. CBOT corn and soybeans were stronger with the quarterly Grain Stocks report due this Friday and funds starting to pare back short bets heading into the data release. Soyoil continues to suffer at the hands of sharply weaker prices for biodiesel and advanced biofuel RINs credits and the market posted a steep selloff for the day. Except for soyoil, it was a relatively steady day at the CBOT with markets largely marching sideways while waiting for fresh USDA data and watching the advancing No...
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...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.