Ag commodity futures were firmer to end the week with traders looking ahead to challenging weather conditions across the Northern Hemisphere and South America over the coming three-day holiday weekend. Weather concerns for planting the 2024 U.S. crops are lingering despite strong progress to date as the forecast remains wet for much of the Midwest over the next 5-6 days. Additionally, the Black Sea is turning warm and dry heading into June, which will not help the frost-beleaguered crops. In response to this, Paris and U.S. wheat futures were mostly higher on Friday (the spot CBOT market being the lone exception) with KC futures hitting their highest price in eight months. Corn futures were higher amid views that the recent wheat/corn sprea...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.