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...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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...
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.