The CBOT was higher overnight with wheat and the soy complex leading the way. European wheat and rapeseed futures were also stronger, creating spillover buying in American markets. Notably, soyoil futures broke key resistance in the overnight session, which created a strong opening for the day session. The CBOT and CME (except for lean hogs) traded higher through the day with bullish ethanol production and crude oil inventory data supporting the rally. Rumors of commercial buying interest in wheat and soybeans were also supportive, despite the lack of a daily export sales announcement from USDA. While most of the market’s focus is on 2021/22 demand-side factors, traders are starting to look forward to the 2022 U.S. planting sea...
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...
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.