The CBOT was mixed on Tuesday with corn and wheat ending lower on continued fund selling amid bearish supply and demand prospectives, respectively. The soy complex edged slightly higher in a mile correction from Monday’s drubbing and despite forecasts of favorable Midwest rains and weather in the next few weeks. The changes to the weather forecast are keeping grain and oilseed markets on the defensive with funds quickly exiting any lingering longs and jumping to the short side of the market. WPI sees better opportunities for more bullish price action in soybeans this fall than corn or wheat, but the near-term weather forecast will likely constrain rallies heading into the August WASE next Friday. USDA’s June Grain and Oilseeds...
What You Need to Know Today: Iran warned that it will retaliate against the U.S. if American strikes target Iranian infrastructure, as President Trump has threatened to do next week if negotiations between the two nations do not resume. President Trump is scheduled to deliver a primetime addre...
Turkeys for Thanksgiving are typically placed this month. Turkey production has suffered from HPAI and other diseases for the past two years, and placements are still down overall. However, at more than 34 pounds per bird, overall production is being supported by heavier weights and increased p...
Key Takeaways: Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and crush margins. U.S. soyoil prices are set to increase 13-16 percent over the next four months as the domestic demand expansion takes hold. Th...
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.