Except for wheat, the CBOT and CME’s major ag markets were uniformly lower in a relatively unexciting trading session Thursday. Wheat managed to escape the mid-holiday doldrums after news broke that a civilian bulk cargo vessel hit a Russian sea mine in the western Black Sea. The obvious risk the event poses to additional grain shipments sent wheat futures higher, though they could not quite match Tuesday’s rally high. Earlier this week, the wheat rally pulled corn higher too, but that was not the case on Thursday. Corn futures and the entire soy complex ended lower as weather forecasts show strong chances of heavy rainfall for central Brazil and Argentina over the next two weeks. The bearish weather implications, combined with...
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.