The CBOT was mostly higher on Wednesday with soybeans again leading the way. Strong commercial demand for soybeans is pushing basis levels sharply higher at a time when USDA is expected to cut its estimates of U.S. old and new crop ending stocks. Corn joined in on the rally, due partly to spread trade and better-than-expected fuel demand last week, but largely to a weather forecast that favors warm, dry conditions heading into the peak pollination period. Overnight weather models reaffirmed the EU model’s recent prediction of a high pressure ridge over the central U.S. that will keep most of the U.S. crop-growing region(s) under warm, dry conditions. Amid tight U.S. and world stocks this year, the markets do not want to see any threat...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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...
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.