The CBOT ended the week with fireworks as the Grain Stocks, WASDE, and winter wheat seedings reports all contained significant surprises. The surprises were decidedly on the bearish side for corn and soybeans, which prompted large selloffs in futures with corn hitting a new contract low for the day. Wheat saw a more mixed set of reports with bearish stocks, ample global export competition, but smaller-than-expected 2024 planted acreage. Wheat futures ended lower, however, due partly to spillover selling from corn and soybeans. The day’s action puts corn on a decidedly lower trajectory while soybeans, looking mostly bearish, posted some interesting signs of support as well. Funds were net sellers across the board on Friday and will lik...
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.