The CBOT traded an odd day on Friday with wheat futures selling off sharply despite private estimates of a Kansas HRW crop nearly 10 Mbu below USDA’s estimate. Even so, fund liquidation and profit taking was the theme of the day and wheat ended 30-40 cents lower. The corn market traded sideways, caught between the wheat selloff and a soymeal-driven rally in soybeans. Trading volume was quiet across the board as few seemed interesting in absorbing additional risk heading into the weekend. Looking forward, WPI remains bullish world grain and oilseed markets heading into 2023. Food security issues are just now becoming significant, and they will only get worse. Gro Intelligence’s CEO recently said that the world is facing a...
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.