Markets do not often hit their daily trading limit, but corn got there today and there were mostly bulls across the complex. The trade had driven prices down despite strong fundamentals and buyers responded. Now after liquidating long positions the funds are rebuilding open interest. Today, the Export Sales report prompted corn to lead the way on a rebound that focused more on the bullish forces. The market went from believing that Chinese corn contract cancellations made economic sense to the realization they are still buying lots of corn. China may have put limits on free trade zones but if it did not need the corn, it would be spacing out its purchases to keep prices more in check. The International Grains Council (IGC) released new est...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.